Insider Selling: Xometry, Inc. (NASDAQ:XMTR) CFO Sells 7,235 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 7,235 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.61, for a total transaction of $192,523.35. Following the sale, the chief financial officer now directly owns 131,090 shares in the company, valued at approximately $3,488,304.90. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

James Miln also recently made the following trade(s):

• On Tuesday, March 4th, James Miln sold 25,852 shares of Xometry stock. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12.
• On Friday, January 3rd, James Miln sold 5,386 shares of Xometry stock. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38.

Xometry Stock Up 3.1 %

Shares of NASDAQ XMTR opened at $25.80 on Thursday. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33. The stock’s fifty day simple moving average is $35.07 and its two-hundred day simple moving average is $28.31. The stock has a market capitalization of $1.28 billion, a PE ratio of -24.57 and a beta of 0.65. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently added to or reduced their stakes in XMTR. Barclays PLC raised its holdings in Xometry by 360.9% in the third quarter. Barclays PLC now owns 68,951 shares of the company’s stock worth $1,266,000 after purchasing an additional 53,991 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Xometry in the 3rd quarter worth approximately $1,586,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Xometry during the 3rd quarter worth approximately $355,000. Versor Investments LP purchased a new stake in Xometry during the third quarter valued at approximately $411,000. Finally, Primecap Management Co. CA lifted its position in Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after acquiring an additional 113,264 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XMTR. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group increased their price target on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. JMP Securities reaffirmed a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Royal Bank of Canada increased their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Finally, Craig Hallum boosted their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.11.

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.