Insider Selling: Xometry (NASDAQ:XMTR) CEO Sells $135,285.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Singh Sahni sold 1,500 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $90.19, for a total value of $135,285.00. Following the sale, the chief executive officer owned 182,403 shares in the company, valued at approximately $16,450,926.57. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Xometry Trading Down 1.7%

Shares of Xometry stock opened at $83.12 on Friday. The company’s 50-day moving average price is $91.57 and its 200-day moving average price is $70.20. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $106.08. The company has a market cap of $4.31 billion, a price-to-earnings ratio of -138.53 and a beta of 1.29.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. On average, equities analysts expect that Xometry, Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Xometry

Large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Xometry by 9.2% during the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after purchasing an additional 132,792 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after purchasing an additional 280,491 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xometry during the fourth quarter valued at about $76,393,000. Finally, State Street Corp increased its position in shares of Xometry by 1.2% during the fourth quarter. State Street Corp now owns 978,540 shares of the company’s stock valued at $58,194,000 after buying an additional 11,272 shares during the period. Institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group lifted their price objective on Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group raised their price target on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Wedbush assumed coverage on Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target for the company. Citigroup raised their price target on Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald lifted their price target on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.78.

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.