Xometry (NASDAQ:XMTR) Insider Subir Dutt Sells 5,000 Shares

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $79.86, for a total transaction of $399,300.00. Following the completion of the transaction, the insider directly owned 104,732 shares of the company’s stock, valued at approximately $8,363,897.52. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $212,500.00.
• On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The shares were sold at an average price of $43.47, for a total transaction of $104,762.70.

Xometry Stock Performance

NASDAQ:XMTR opened at $86.19 on Thursday. The firm has a 50 day simple moving average of $47.36 and a 200-day simple moving average of $55.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The firm has a market cap of $4.47 billion, a PE ratio of -84.50 and a beta of 1.01. Xometry, Inc. has a 1-year low of $29.60 and a 1-year high of $89.79.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The business had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The company’s revenue was up 35.9% on a year-over-year basis. On average, equities analysts expect that Xometry, Inc. will post -0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XMTR. Citigroup increased their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Thursday, April 30th. Finally, Wedbush dropped their price objective on Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Xometry has a consensus rating of “Hold” and an average price target of $76.00.

Key Stories Impacting Xometry

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Citigroup raised its price target on Xometry to $98 from $65 and kept a buy rating, reinforcing expectations for further upside after the stock’s strong run. Xometry (NASDAQ:XMTR) Price Target Raised to $98.00 at Citigroup
• Positive Sentiment: Xometry reached a new 52-week high after an analyst upgrade, signaling improving Wall Street sentiment and strong momentum in the shares. Xometry (NASDAQ:XMTR) Sets New 52-Week High After Analyst Upgrade
• Positive Sentiment: Recent commentary highlighted accelerating Q1 revenue growth, higher full-year guidance, and a Siemens partnership that could expand Xometry’s platform reach and improve sales efficiency. Xometry Beats The Odds: Growth Further Accelerates Despite Tough Comps
• Neutral Sentiment: Insiders, including Subir Dutt and CFO James Miln, sold shares in recent transactions. While the sales may raise some caution, they were relatively small compared with their holdings and do not necessarily signal a change in the company’s outlook.

Hedge Funds Weigh In On Xometry

A number of large investors have recently modified their holdings of XMTR. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xometry in the 4th quarter worth about $76,393,000. Ameriprise Financial Inc. raised its holdings in shares of 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 during the period. Durable Capital Partners LP purchased a new position in shares of Xometry in the 3rd quarter worth about $36,455,000. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 purchasing an additional 492,285 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after purchasing an additional 451,259 shares during the period. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

About Xometry

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.