Vaidyanathan Raghavan Sells 5,000 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTRGet Free Report) CTO Vaidyanathan Raghavan sold 5,000 shares of Xometry stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the sale, the chief technology officer directly owned 135,777 shares of the company’s stock, valued at $13,139,140.29. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vaidyanathan Raghavan also recently made the following trade(s):

  • On Thursday, July 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The stock was sold at an average price of $93.21, for a total transaction of $173,929.86.

Xometry Stock Down 2.2%

XMTR opened at $94.11 on Friday. The business’s fifty day simple moving average is $91.55 and its 200 day simple moving average is $71.29. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $106.08. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.88 billion, a PE ratio of -156.85 and a beta of 1.29.

Xometry (NASDAQ:XMTRGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The firm had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue was up 41.1% compared to the same quarter last year. As a group, research analysts expect that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citizens Jmp boosted their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Rosenblatt Securities initiated coverage on shares of Xometry in a research report on Thursday, August 20th. They set a “buy” rating and a $110.00 price target on the stock. UBS Group lifted their price target on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of Xometry in a report on Monday, August 24th. They issued an “overweight” rating and a $120.00 price objective for the company. Finally, Royal Bank Of Canada upped their price objective on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Xometry has a consensus rating of “Moderate Buy” and a consensus price target of $108.33.

Get Our Latest Analysis on XMTR

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently modified their holdings of XMTR. Kemnay Advisory Services Inc. purchased a new stake in Xometry during the 4th quarter valued at about $28,000. Quantbot Technologies LP purchased a new position in Xometry in the 3rd quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in Xometry in the fourth quarter valued at approximately $59,000. Comerica Bank lifted its position in Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Xometry by 74.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after purchasing an additional 697 shares during the period. Institutional investors own 97.31% of the company’s stock.

About Xometry

(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.

See Also

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.