Xometry (NASDAQ:XMTR) Director Randolph Altschuler Sells 10,000 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $104.04, for a total value of $1,040,400.00. Following the completion of the transaction, the director directly owned 541,270 shares of the company’s stock, valued at $56,313,730.80. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Randolph Altschuler also recently made the following trade(s):

• On Friday, October 2nd, Randolph Altschuler sold 5,721 shares of Xometry stock. The stock was sold at an average price of $103.32, for a total value of $591,093.72.
• On Tuesday, September 1st, Randolph Altschuler sold 10,000 shares of Xometry stock. The stock was sold at an average price of $90.82, for a total transaction of $908,200.00.

Xometry Stock Performance

Shares of NASDAQ:XMTR traded down $1.70 during trading on Friday, hitting $102.53. 676,463 shares of the stock traded hands, compared to its average volume of 826,997. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.31 billion, a price-to-earnings ratio of -170.88 and a beta of 1.23. The company has a fifty day moving average price of $92.03 and a two-hundred day moving average price of $79.27. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $107.93.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. During the same period in the previous year, the business posted $0.09 EPS. The business’s revenue was up 41.1% compared to the same quarter last year. As a group, equities analysts predict that Xometry, Inc. will post -0.01 EPS for the current year.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after purchasing an additional 280,491 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Xometry by 243.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after buying an additional 492,285 shares during the last quarter. Sylebra Capital LLC boosted its holdings in Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after buying an additional 127,637 shares during the last quarter. Sei Investments Co. increased its stake in Xometry by 45.6% during the 1st quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock worth $11,216,000 after buying an additional 85,989 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Xometry by 23.7% during the 1st quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock worth $9,614,000 after buying an additional 45,158 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on XMTR shares. UBS Group upped their price objective on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on Xometry in a research report on Monday, August 24th. They set an “overweight” rating and a $120.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. Cantor Fitzgerald upped their price target on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Raymond James Financial set a $120.00 price target on Xometry in a report on Tuesday, September 22nd. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.18.

Xometry Company Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.