Insider Selling: Xometry (NASDAQ:XMTR) CEO Sells 1,500 Shares of Stock

Xometry, Inc. (NASDAQ:XMTRGet Free Report) CEO Sanjeev Singh Sahni sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $90.19, for a total value of $135,285.00. Following the completion of the transaction, the chief executive officer owned 182,403 shares in the company, valued at $16,450,926.57. This represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Xometry Stock Down 4.2%

Shares of NASDAQ:XMTR traded down $3.78 during mid-day trading on Tuesday, hitting $85.95. 501,073 shares of the company traded hands, compared to its average volume of 922,051. The stock has a 50-day moving average price of $91.49 and a two-hundred day moving average price of $69.70. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $106.08. The stock has a market cap of $4.45 billion, a P/E ratio of -143.25 and a beta of 1.30. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41.

Xometry (NASDAQ:XMTRGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. During the same period in the prior year, the firm posted $0.09 EPS. Xometry’s quarterly revenue was up 41.1% compared to the same quarter last year. On average, equities research analysts forecast that Xometry, Inc. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Xometry

Hedge funds have recently made changes to their positions in the business. Stephens Investment Management Group LLC increased its holdings in Xometry by 115.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after buying an additional 451,259 shares during the last quarter. Comerica Bank boosted its stake in Xometry by 2,427.4% in the fourth quarter. Comerica Bank now owns 28,812 shares of the company’s stock valued at $1,713,000 after acquiring an additional 27,672 shares during the last quarter. Peregrine Investment Management Inc. grew its position in shares of Xometry by 98.9% during the 1st quarter. Peregrine Investment Management Inc. now owns 215,100 shares of the company’s stock valued at $8,785,000 after acquiring an additional 106,970 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Xometry by 18.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,604 shares of the company’s stock valued at $9,313,000 after acquiring an additional 24,566 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Xometry by 759.5% during the 1st quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock worth $1,335,000 after purchasing an additional 28,890 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on XMTR shares. UBS Group raised their price target on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald upped their price objective on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group lifted their target price on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wedbush assumed coverage on Xometry in a research note on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. Finally, Citizens Jmp upped their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Six investment 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.88.

View Our Latest Stock Analysis on XMTR

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

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