Xometry (NASDAQ:XMTR) CTO Sells $173,929.86 in Stock

Xometry, Inc. (NASDAQ:XMTR – Get Free Report) CTO Vaidyanathan Raghavan sold 1,866 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.21, for a total value of $173,929.86. Following the completion of the transaction, the chief technology officer owned 140,777 shares in the company, valued at approximately $13,121,824.17. The trade was a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Xometry Stock Up 2.7%

XMTR stock traded up $2.47 during trading on Monday, hitting $94.29. 741,635 shares of the company’s stock were exchanged, compared to its average volume of 957,795. The business has a 50-day moving average price of $82.35 and a two-hundred day moving average price of $63.34. 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 capitalization of $4.89 billion, a price-to-earnings ratio of -92.44 and a beta of 1.27. Xometry, Inc. has a 52-week low of $30.63 and a 52-week high of $99.86.

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Xometry (NASDAQ:XMTR – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $205.14 million for the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. As a group, equities research analysts expect that Xometry, Inc. will post -0.11 EPS for the current year.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PVG Asset Management Corp purchased a new stake in Xometry in the 1st quarter worth approximately $703,000. Bank of America Corp DE raised its holdings in Xometry by 23.7% in the first quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock valued at $9,614,000 after buying an additional 45,158 shares during the period. Sylebra Capital LLC lifted its position in Xometry by 31.3% during the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after buying an additional 127,637 shares in the last quarter. California State Teachers Retirement System boosted its position in Xometry by 21.8% during the 1st quarter. California State Teachers Retirement System now owns 51,770 shares of the company’s stock worth $2,114,000 after purchasing an additional 9,283 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Xometry in the first quarter valued at about $1,150,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of several research reports. Citigroup raised their price objective on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada increased their price objective on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Six equities 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 company’s stock. According to MarketBeat, Xometry currently has an average rating of “Hold” and an average target price of $76.00.

View Our Latest Analysis on Xometry

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.

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