Principal Financial Group Inc. Takes $1.26 Million Position in Xometry, Inc. (NASDAQ:XMTR)

Principal Financial Group Inc. acquired a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,478 shares of the company's stock, valued at approximately $1,258,000. Principal Financial Group Inc. owned approximately 0.06% of Xometry as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of XMTR. US Bancorp DE grew its position in Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after purchasing an additional 2,037 shares during the period. Allspring Global Investments Holdings LLC grew its position in Xometry by 1.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company's stock valued at $9,120,000 after buying an additional 2,375 shares during the period. State Street Corp grew its position in Xometry by 0.3% during the third quarter. State Street Corp now owns 887,139 shares of the company's stock valued at $16,297,000 after buying an additional 3,027 shares during the period. Rhumbline Advisers grew its position in Xometry by 5.7% during the fourth quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock valued at $2,533,000 after buying an additional 3,180 shares during the period. Finally, SG Americas Securities LLC grew its position in Xometry by 67.5% during the fourth quarter. SG Americas Securities LLC now owns 13,938 shares of the company's stock valued at $595,000 after buying an additional 5,616 shares during the period. Institutional investors and hedge funds own 97.31% of the company's stock.

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Xometry Trading Down 0.3 %

Xometry stock traded down $0.08 during midday trading on Friday, hitting $24.63. 875,397 shares of the stock were exchanged, compared to its average volume of 690,464. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock's 50-day simple moving average is $34.28 and its 200 day simple moving average is $28.39. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -23.46 and a beta of 0.69.

Insider Activity at Xometry

In other news, COO Peter Goguen sold 986 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total value of $39,518.88. Following the transaction, the chief operating officer now directly owns 168,933 shares in the company, valued at approximately $6,770,834.64. This represents a 0.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO James Miln sold 5,386 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the transaction, the chief financial officer now owns 102,329 shares in the company, valued at approximately $4,331,586.57. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,965 shares of company stock worth $2,065,315. Insiders own 16.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XMTR. Royal Bank of Canada lifted 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. Citigroup dropped their price target on shares of Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. UBS Group lifted their price target on shares of Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Xometry from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Xometry presently has a consensus rating of "Moderate Buy" and an average price target of $36.11.

About Xometry

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.