Principal Financial Group Inc. Has $3.45 Million Holdings in Xometry, Inc. $XMTR

Principal Financial Group Inc. lifted its holdings in Xometry, Inc. (NASDAQ:XMTR) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,583 shares of the company’s stock after purchasing an additional 11,788 shares during the quarter. Principal Financial Group Inc.’s holdings in Xometry were worth $3,454,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Stephens Investment Management Group LLC increased its stake in Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock valued at $50,132,000 after buying an additional 451,259 shares during the last quarter. Comerica Bank boosted its stake in shares of Xometry by 2,427.4% during the 4th quarter. Comerica Bank now owns 28,812 shares of the company’s stock worth $1,713,000 after buying an additional 27,672 shares during the last quarter. Peregrine Investment Management Inc. boosted its stake in shares of Xometry by 98.9% during the 1st quarter. Peregrine Investment Management Inc. now owns 215,100 shares of the company’s stock worth $8,785,000 after buying an additional 106,970 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Xometry by 18.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,604 shares of the company’s stock valued at $9,313,000 after acquiring an additional 24,566 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new position in shares of Xometry in the 4th quarter valued at about $1,899,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Performance

Shares of XMTR stock opened at $80.97 on Thursday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of -79.38 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The company has a 50-day simple moving average of $90.97 and a 200 day simple moving average of $67.16. Xometry, Inc. has a 52 week low of $30.63 and a 52 week high of $106.08.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. Xometry’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, sell-side analysts predict that Xometry, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on XMTR shares. Wedbush began coverage on Xometry in a research report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research report on Thursday, April 30th. Citizens Jmp upped their price objective on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.25.

Insider Activity at Xometry

In related news, CTO Vaidyanathan Raghavan sold 1,866 shares of Xometry stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $93.21, for a total transaction of $173,929.86. Following the completion of the sale, the chief technology officer directly owned 140,777 shares of the company’s stock, valued at approximately $13,121,824.17. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Subir Dutt sold 1,073 shares of Xometry stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $93.39, for a total value of $100,207.47. Following the sale, the insider directly owned 93,716 shares of the company’s stock, valued at approximately $8,752,137.24. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 80,496 shares of company stock valued at $7,124,340. Insiders own 9.10% of the company’s stock.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.