Xometry (NASDAQ:XMTR) Insider Sells $237,500.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the transaction, the insider owned 94,789 shares in the company, valued at $9,004,955. This represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Subir Dutt also recently made the following trade(s):

• On Monday, May 18th, Subir Dutt sold 4,943 shares of Xometry stock. The stock was sold at an average price of $89.20, for a total value of $440,915.60.
• On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was sold at an average price of $85.00, for a total value of $212,500.00.
• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The shares were sold at an average price of $79.86, for a total value of $399,300.00.

Xometry Stock Performance

Shares of Xometry stock opened at $95.29 on Friday. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of -93.42 and a beta of 1.01. The stock’s 50-day moving average is $59.27 and its 200-day moving average is $58.08. Xometry, Inc. has a one year low of $29.60 and a one year high of $97.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Equities analysts predict that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wedbush lowered their target price on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Thursday, April 30th. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Xometry has an average rating of “Hold” and a consensus target price of $76.00.

Hedge Funds Weigh In On Xometry

Institutional investors have recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new position in Xometry during the fourth quarter worth approximately $28,000. Quantbot Technologies LP bought a new stake in shares of Xometry during the third quarter worth approximately $30,000. GAMMA Investing LLC grew its position in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Xometry during the fourth quarter worth approximately $59,000. Finally, Comerica Bank increased its stake in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds 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.