Subir Dutt Sells 4,943 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTRGet Free Report) insider Subir Dutt sold 4,943 shares of Xometry stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $89.20, for a total value of $440,915.60. Following the sale, the insider directly owned 97,289 shares in the company, valued at approximately $8,678,178.80. The trade was a 4.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Subir Dutt also recently made the following trade(s):

  • On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was sold at an average price of $85.00, for a total value of $212,500.00.
  • On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The stock was sold at an average price of $79.86, for a total value of $399,300.00.
  • On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The stock was sold at an average price of $43.47, for a total value of $104,762.70.

Xometry Stock Up 5.3%

Xometry stock traded up $4.64 during midday trading on Wednesday, hitting $91.79. The stock had a trading volume of 927,167 shares, compared to its average volume of 986,688. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The stock has a market cap of $4.76 billion, a P/E ratio of -89.99 and a beta of 1.01. Xometry, Inc. has a 12 month low of $29.60 and a 12 month high of $93.13. The business has a fifty day moving average price of $50.90 and a 200 day moving average price of $56.12.

Xometry (NASDAQ:XMTRGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share. Research analysts predict that Xometry, Inc. will post -0.27 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 price objective on shares of Xometry in a report on Friday, May 8th. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Citigroup lifted their target price on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada lifted their target price on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Xometry presently has a consensus rating of “Hold” and an average price target of $76.00.

Check Out Our Latest Stock Report on XMTR

Hedge Funds Weigh In On Xometry

Institutional investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new position in shares of Xometry during the fourth quarter worth about $28,000. Quantbot Technologies LP bought a new position in shares of Xometry during the third quarter worth about $30,000. GAMMA Investing LLC grew its position in shares of Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after acquiring an additional 162 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Xometry during the fourth quarter worth about $59,000. Finally, Comerica Bank grew its position in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Xometry (NASDAQ:XMTR)

Receive News & Ratings for Xometry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xometry and related companies with MarketBeat.com's FREE daily email newsletter.