Sanjeev Singh Sahni Sells 1,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $85.23, for a total transaction of $127,845.00. Following the transaction, the chief executive officer directly owned 180,903 shares of the company’s stock, valued at $15,418,362.69. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $90.19, for a total value of $135,285.00.

Xometry Stock Performance

NASDAQ XMTR opened at $95.26 on Friday. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $90.79 and its two-hundred day moving average is $74.86. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $106.08. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of -158.76 and a beta of 1.32.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on XMTR. JPMorgan Chase & Co. began coverage on shares of Xometry in a research note on Monday, August 24th. They issued an “overweight” rating and a $120.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. The Goldman Sachs Group increased their target price on shares of Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Citigroup lifted their price target on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Wedbush assumed coverage on Xometry in a research note on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XMTR. Allspring Global Investments Holdings LLC grew its stake in shares of Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after buying an additional 492,285 shares during the period. Wellington Management Group LLP raised its position in shares of Xometry by 26.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after buying an additional 280,491 shares during the period. Capital International Investors acquired a new position in Xometry in the fourth quarter valued at $11,949,000. BNP Paribas Financial Markets grew its position in Xometry by 1,121.8% during the fourth quarter. BNP Paribas Financial Markets now owns 207,682 shares of the company’s stock valued at $12,351,000 after acquiring an additional 190,684 shares during the period. Finally, Sylebra Capital LLC grew its position in Xometry by 31.3% during the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after acquiring an additional 127,637 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.