New York State Common Retirement Fund Sells 45,758 Shares of Xometry, Inc. (NASDAQ:XMTR)

New York State Common Retirement Fund lessened its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 902,608 shares of the company's stock after selling 45,758 shares during the period. New York State Common Retirement Fund owned 1.82% of Xometry worth $38,505,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Truist Financial Corp bought a new stake in shares of Xometry in the fourth quarter valued at about $225,000. AlphaCentric Advisors LLC acquired a new stake in shares of Xometry during the 4th quarter worth approximately $533,000. Principal Financial Group Inc. bought a new stake in shares of Xometry during the fourth quarter valued at approximately $1,258,000. Baillie Gifford & Co. bought a new stake in shares of Xometry during the fourth quarter valued at approximately $30,297,000. Finally, Rhumbline Advisers raised its stake in shares of Xometry by 5.7% in the fourth quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock valued at $2,533,000 after purchasing an additional 3,180 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Stock Down 7.6 %

Shares of XMTR traded down $2.67 during mid-day trading on Friday, hitting $32.27. 641,892 shares of the company's stock were exchanged, compared to its average volume of 629,986. The company has a 50-day simple moving average of $37.14 and a 200 day simple moving average of $27.46. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a market cap of $1.60 billion, a PE ratio of -30.73 and a beta of 0.65.

Insider Activity

In other Xometry news, CFO James Miln sold 5,386 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the transaction, the chief financial officer now owns 102,329 shares in the company, valued at $4,331,586.57. This represents a 5.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Peter Goguen sold 940 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the sale, the chief operating officer now owns 167,993 shares of the company's stock, valued at approximately $7,116,183.48. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,312 shares of company stock valued at $517,537 over the last three months. Insiders own 16.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XMTR shares. JMP Securities reaffirmed a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a report on Monday, February 10th. Royal Bank of Canada increased their price target on shares of Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. Cantor Fitzgerald reiterated an "underweight" rating and issued a $12.00 price objective on shares of Xometry in a research report on Wednesday, November 6th. Wedbush reaffirmed an "outperform" rating and set a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. Finally, Craig Hallum upped their target price on shares of Xometry from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.