Xometry (NASDAQ:XMTR) Insider Sells $100,207.47 in Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 1,073 shares of Xometry stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.39, for a total transaction of $100,207.47. Following the sale, the insider directly owned 93,716 shares of the company’s stock, valued at approximately $8,752,137.24. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Subir Dutt also recently made the following trade(s):

• On Wednesday, May 27th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00.
• On Monday, May 18th, Subir Dutt sold 4,943 shares of Xometry stock. The shares were sold at an average price of $89.20, for a total value of $440,915.60.
• On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The shares were sold at an average price of $85.00, for a total value of $212,500.00.
• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The stock was sold at an average price of $79.86, for a total value of $399,300.00.

Xometry Trading Down 3.9%

NASDAQ:XMTR opened at $89.51 on Thursday. Xometry, Inc. has a 1 year low of $30.63 and a 1 year high of $99.86. The stock has a market cap of $4.64 billion, a P/E ratio of -87.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The stock has a 50-day simple moving average of $85.04 and a 200-day simple moving average of $64.03.

Xometry (NASDAQ:XMTR) last issued its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. As a group, analysts anticipate that Xometry, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xometry

Large investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in shares of Xometry during the fourth quarter worth approximately $28,000. Quantbot Technologies LP purchased a new stake in Xometry in the 3rd quarter valued at $30,000. GAMMA Investing LLC raised its position in Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the last quarter. Leonteq Securities AG acquired a new stake in Xometry during the 4th quarter worth $59,000. Finally, Comerica Bank boosted its stake in Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XMTR. Royal Bank Of Canada raised their price objective on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Citizens Jmp increased their target price on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Thursday, April 30th. Citigroup boosted their price target on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $76.00.

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.