Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler Sells 27,566 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 27,566 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now owns 256,570 shares of the company’s stock, valued at $6,824,762. This trade represents a 9.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Xometry Trading Down 0.9 %

XMTR stock opened at $25.03 on Wednesday. The company has a market capitalization of $1.24 billion, a PE ratio of -23.84 and a beta of 0.65. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The firm’s 50-day moving average is $35.42 and its 200 day moving average is $28.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JMP Securities reiterated a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. UBS Group raised their target price on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Wedbush restated an “outperform” rating and issued a $48.00 target price on shares of Xometry in a report on Friday, December 20th. The Goldman Sachs Group raised their target price on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Citigroup lowered their target price on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.11.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XMTR. US Bancorp DE increased its stake in Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares during the period. ARK Investment Management LLC increased its stake in Xometry by 7.2% in the 3rd quarter. ARK Investment Management LLC now owns 284,134 shares of the company’s stock worth $5,220,000 after buying an additional 19,197 shares during the period. Versor Investments LP purchased a new position in Xometry during the 3rd quarter valued at about $411,000. GSA Capital Partners LLP purchased a new position in Xometry during the 3rd quarter valued at about $1,069,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Xometry during the 3rd quarter valued at about $355,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.