Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells 1,500 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $87.92, for a total transaction of $131,880.00. Following the completion of the transaction, the chief financial officer owned 177,631 shares of the company’s stock, valued at approximately $15,617,317.52. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68.
• On Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $97.06, for a total transaction of $145,590.00.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $96.90, for a total value of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $79.69, for a total transaction of $119,535.00.

Xometry Price Performance

Shares of NASDAQ XMTR traded up $6.05 during trading on Friday, hitting $93.14. The company had a trading volume of 782,456 shares, compared to its average volume of 946,364. The stock has a fifty day simple moving average of $90.58 and a two-hundred day simple moving average of $68.20. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of -155.23 and a beta of 1.29. The company has a quick ratio of 1.76, a current ratio of 3.21 and a debt-to-equity ratio of 0.41.

Xometry (NASDAQ:XMTR) last released its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 41.1% on a year-over-year basis. On average, research analysts expect that Xometry, Inc. will post -0.06 earnings per share for the current year.

Institutional Trading of Xometry

A number of hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Xometry in the 4th quarter worth $76,393,000. Ameriprise Financial Inc. boosted its position in shares of Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after acquiring an additional 690,558 shares during the last quarter. Durable Capital Partners LP purchased a new stake in shares of Xometry in the third quarter valued at about $36,455,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares during the period. Finally, Stephens Investment Management Group LLC increased its position 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 purchasing an additional 451,259 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. UBS Group increased their target price on Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday. Citizens Jmp lifted their price target on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Citigroup boosted their price target on Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada increased their price objective on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Wedbush started coverage on Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Xometry presently has an average rating of “Hold” and a consensus price target of $101.88.

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.