Xometry, Inc. (NASDAQ:XMTR) CFO Sells $33,824.98 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,346 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total transaction of $33,824.98. Following the sale, the chief financial officer now directly owns 144,713 shares in the company, valued at approximately $3,636,637.69. This represents a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, March 4th, James Miln sold 25,852 shares of Xometry stock. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12.
• On Friday, February 28th, James Miln sold 7,235 shares of Xometry stock. The shares were sold at an average price of $26.61, for a total value of $192,523.35.

Xometry Trading Down 7.8 %

NASDAQ XMTR opened at $19.98 on Friday. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock’s 50 day moving average price is $29.56 and its two-hundred day moving average price is $29.16. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -19.03 and a beta of 0.69.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XMTR. Citigroup cut their price target on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Royal Bank of Canada boosted their price target on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Finally, UBS Group upped their target price on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.11.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new stake in Xometry during the fourth quarter worth $27,000. Canada Pension Plan Investment Board bought a new stake in shares of Xometry in the 4th quarter valued at about $38,000. Comerica Bank lifted its stake in Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after purchasing an additional 749 shares during the last quarter. CoreCap Advisors LLC bought a new position in Xometry during the fourth quarter worth about $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in Xometry during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.