Insider Selling: Xometry, Inc. (NASDAQ:XMTR) CTO Sells 24,116 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Matthew Leibel sold 24,116 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $17.53, for a total value of $422,753.48. Following the transaction, the chief technology officer now owns 47,966 shares in the company, valued at $840,843.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Matthew Leibel also recently made the following trade(s):

• On Tuesday, October 3rd, Matthew Leibel sold 360 shares of Xometry stock. The stock was sold at an average price of $16.54, for a total value of $5,954.40.

Xometry Trading Up 4.1 %

NASDAQ XMTR traded up $0.78 during trading hours on Monday, reaching $19.74. The company had a trading volume of 408,313 shares, compared to its average volume of 618,186. Xometry, Inc. has a 1-year low of $12.45 and a 1-year high of $47.06. The stock has a market capitalization of $894.06 million, a P/E ratio of -11.44 and a beta of 0.03. The stock has a 50-day moving average of $16.89 and a 200 day moving average of $18.48. The company has a current ratio of 5.27, a quick ratio of 5.25 and a debt-to-equity ratio of 0.83.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their target price on Xometry from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Xometry currently has a consensus rating of “Hold” and an average target price of $23.89.

Hedge Funds Weigh In On Xometry

A number of hedge funds have recently made changes to their positions in the stock. Primecap Management Co. CA lifted its stake in Xometry by 6.3% during the third quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company’s stock worth $112,598,000 after purchasing an additional 390,933 shares in the last quarter. Brown Capital Management LLC increased its stake in Xometry by 11.0% during the second quarter. Brown Capital Management LLC now owns 6,347,237 shares of the company’s stock worth $134,434,000 after purchasing an additional 628,255 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Xometry by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,188,133 shares of the company’s stock worth $77,667,000 after purchasing an additional 23,621 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Xometry by 18.9% in the third quarter. Vanguard Group Inc. now owns 2,816,055 shares of the company’s stock valued at $159,923,000 after purchasing an additional 447,638 shares during the period. Finally, Fred Alger Management LLC grew its holdings in shares of Xometry by 47.5% in the third quarter. Fred Alger Management LLC now owns 2,584,913 shares of the company’s stock valued at $43,892,000 after purchasing an additional 832,005 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source 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, and multi jet fusion; 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.