Xometry (NASDAQ:XMTR) Stock: Insider Sanjeev Singh Sahni Sells 1,500 Shares

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $122.50, for a total value of $183,750.00. Following the sale, the chief executive officer owned 176,791 shares in the company, valued at approximately $21,656,897.50. This trade represents a 0.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Monday, October 12th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $108.80, for a total value of $163,200.00.
• On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The stock was sold at an average price of $103.28, for a total value of $114,847.36.
• On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $85.23, for a total value of $127,845.00.
• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $90.19, for a total value of $135,285.00.

Xometry Price Performance

Shares of XMTR traded down $1.17 during trading hours on Friday, reaching $119.61. 576,710 shares of the company traded hands, compared to its average volume of 916,844. The company has a quick ratio of 3.13, a current ratio of 3.15 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6.20 billion, a PE ratio of -351.78 and a beta of 1.33. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $127.49. The stock has a fifty day simple moving average of $101.00 and a 200 day simple moving average of $78.66.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $252.44 million during the quarter, compared to analysts’ expectations of $235.54 million. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. As a group, research analysts predict that Xometry, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Xometry by 26.9% in the second 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 during the period. Stephens Investment Management Group LLC lifted its position in Xometry by 0.7% during the third quarter. Stephens Investment Management Group LLC now owns 804,719 shares of the company’s stock worth $82,765,000 after buying an additional 5,539 shares during the period. Zevenbergen Capital Investments LLC lifted its position in Xometry by 115.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after buying an additional 159,227 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Xometry by 243.6% during the first 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 period. Finally, Russell Investments Group Ltd. boosted its stake in Xometry by 86.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company’s stock worth $23,044,000 after buying an additional 103,827 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on XMTR shares. BNP Paribas Exane assumed coverage on shares of Xometry in a research note on Friday, September 18th. They set an “outperform” rating and a $120.00 price target on the stock. Citigroup lifted their price target on shares of Xometry from $110.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. The Goldman Sachs Group boosted their price objective on shares of Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. UBS Group upped their price objective on shares of Xometry from $95.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. Finally, Citizens Jmp upped their price objective on shares of Xometry from $120.00 to $135.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.55.

Xometry Company Profile

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.