Sei Investments Co. Decreases Stake in Xometry, Inc. (NASDAQ:XMTR)

Sei Investments Co. trimmed its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 60.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,325 shares of the company's stock after selling 168,290 shares during the quarter. Sei Investments Co. owned approximately 0.22% of Xometry worth $4,621,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in shares of Xometry in the 4th quarter valued at $27,000. Arizona State Retirement System grew its stake in Xometry by 7.9% in the fourth quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock valued at $520,000 after purchasing an additional 891 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Xometry in the fourth quarter worth about $73,000. Allspring Global Investments Holdings LLC lifted its position in shares of 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 last quarter. Finally, State Street Corp boosted its holdings in shares of Xometry by 0.3% in the 3rd 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 in the last quarter. Institutional investors own 97.31% of the company's stock.

Insider Buying and Selling

In related news, CFO James Miln sold 7,235 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.61, for a total transaction of $192,523.35. Following the sale, the chief financial officer now directly owns 131,090 shares of the company's stock, valued at $3,488,304.90. This represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total transaction of $106,710.00. Following the completion of the transaction, the chief operating officer now directly owns 161,993 shares of the company's stock, valued at $5,762,091.01. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,256 shares of company stock valued at $2,075,069. Corporate insiders own 16.79% of the company's stock.

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Xometry Trading Up 4.7 %

Shares of XMTR traded up $0.93 during midday trading on Monday, hitting $20.91. 1,102,219 shares of the stock were exchanged, compared to its average volume of 610,390. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock has a fifty day simple moving average of $29.30 and a 200 day simple moving average of $29.31. The firm has a market cap of $1.05 billion, a P/E ratio of -19.91 and a beta of 0.72.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XMTR. Wedbush restated an "outperform" rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. JMP Securities restated a "market outperform" rating and set a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Royal Bank of Canada raised their price target on Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. raised shares of Xometry from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, UBS Group raised their price target on shares of Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. One research 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.11.

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.