Xometry, Inc. (NASDAQ:XMTR – Get Free Report) Director Katharine Weymouth sold 5,000 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $95.23, for a total value of $476,150.00. Following the sale, the director owned 35,345 shares of the company’s stock, valued at approximately $3,365,904.35. This represents a 12.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Katharine Weymouth also recently made the following trade(s):
- On Friday, August 28th, Katharine Weymouth sold 5,000 shares of Xometry stock. The stock was sold at an average price of $94.30, for a total value of $471,500.00.
Xometry Stock Down 1.5%
Shares of XMTR traded down $1.42 during mid-day trading on Monday, hitting $92.69. 530,364 shares of the company traded hands, compared to its average volume of 901,057. Xometry, Inc. has a 1-year low of $35.86 and a 1-year 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 company has a market capitalization of $4.80 billion, a PE ratio of -154.48 and a beta of 1.29. The business has a 50 day moving average of $91.55 and a 200 day moving average of $71.28.
Wall Street Analyst Weigh In
XMTR has been the subject of a number of research reports. Citigroup boosted their target price on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Citizens Jmp boosted their price objective on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Cantor Fitzgerald upped their target price on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on Xometry in a report on Monday, August 24th. They set an “overweight” rating and a $120.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.33.
Get Our Latest Report on Xometry
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Xometry by 5.0% during the 1st quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock worth $1,511,000 after acquiring an additional 2,899 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Xometry in the 1st quarter valued at about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Xometry by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock worth $649,000 after purchasing an additional 1,877 shares during the period. Goldman Sachs Group Inc. raised its holdings in Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock worth $11,281,000 after purchasing an additional 95,154 shares during the period. Finally, Invesco Ltd. boosted its position in Xometry by 476.1% during the second quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after purchasing an additional 197,013 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.
Xometry Company Profile
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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