Xometry, Inc. (NASDAQ:XMTR – Get Free Report) insider Subir Dutt sold 1,073 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $93.39, for a total value of $100,207.47. Following the completion of the transaction, the insider directly owned 93,716 shares of the company’s stock, valued at approximately $8,752,137.24. This trade represents a 1.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Subir Dutt also recently made the following trade(s):
- On Wednesday, May 27th, Subir Dutt sold 2,500 shares of Xometry stock. The shares were sold at an average price of $95.00, for a total transaction of $237,500.00.
- On Monday, May 18th, Subir Dutt sold 4,943 shares of Xometry stock. The shares were sold at an average price of $89.20, for a total transaction of $440,915.60.
- 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 transaction of $212,500.00.
- On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The shares were sold at an average price of $79.86, for a total transaction of $399,300.00.
Xometry Stock Down 1.3%
Shares of Xometry stock opened at $93.10 on Wednesday. Xometry, Inc. has a twelve month low of $30.63 and a twelve month high of $99.86. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $84.21 and its 200 day moving average is $63.81. The company has a market cap of $4.82 billion, a price-to-earnings ratio of -91.27 and a beta of 1.27.
Institutional Trading of Xometry
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC bought a new position in shares of Xometry in the second quarter worth about $97,000. PVG Asset Management Corp bought a new position in shares of Xometry during the 1st quarter valued at approximately $703,000. Bank of America Corp DE increased its holdings in Xometry by 23.7% in the 1st quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock worth $9,614,000 after acquiring an additional 45,158 shares in the last quarter. Sylebra Capital LLC increased its holdings in Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after acquiring an additional 127,637 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Xometry by 21.8% in the 1st quarter. California State Teachers Retirement System now owns 51,770 shares of the company’s stock worth $2,114,000 after acquiring an additional 9,283 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on XMTR. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Thursday, April 30th. Royal Bank Of Canada upped their price target on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th. Citigroup raised their price objective on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Citizens Jmp upped their target price on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.00.
Read Our Latest Stock Analysis on Xometry
Trending Headlines about Xometry
Here are the key news stories impacting Xometry this week:
- Neutral Sentiment: CFO James Miln sold shares in two transactions and disclosed that the sales were made to cover tax withholding obligations tied to vesting equity awards, which limits the negative signal investors may take from the activity. SEC filing for James Miln sale
- Neutral Sentiment: Insider Subir Dutt also sold shares for the same tax-withholding reason, and the filing notes the transaction reduced his position only modestly. SEC filing for Subir Dutt sale
- Neutral Sentiment: The company’s recent fundamentals remain supportive: Xometry reported better-than-expected quarterly EPS and revenue growth of 35.9% year over year in its last earnings release, which may help offset concern about insider selling.
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.
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