Xometry (NASDAQ:XMTR) Insider Sells $257,545.95 in Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 3,929 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $65.55, for a total transaction of $257,545.95. Following the completion of the transaction, the insider owned 67,419 shares in the company, valued at approximately $4,419,315.45. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 19th, Subir Dutt sold 2,075 shares of Xometry stock. The shares were sold at an average price of $60.00, for a total transaction of $124,500.00.

Xometry Trading Up 0.1%

Xometry stock traded up $0.07 during trading hours on Tuesday, hitting $67.88. The company had a trading volume of 753,530 shares, compared to its average volume of 846,809. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62. The firm has a market cap of $3.48 billion, a P/E ratio of -54.30 and a beta of 0.86. The company has a 50-day moving average price of $59.45 and a two-hundred day moving average price of $49.39. Xometry, Inc. has a 1 year low of $18.59 and a 1 year high of $69.26.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $180.72 million during the quarter, compared to the consensus estimate of $168.25 million. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The company’s revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share. On average, sell-side analysts anticipate that Xometry, Inc. will post -0.66 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on XMTR. Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. JMP Securities set a $75.00 price objective on shares of Xometry in a research note on Wednesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Cantor Fitzgerald boosted their price target on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Wedbush increased their price objective on shares of Xometry from $48.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Five 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.89.

Hedge Funds Weigh In On Xometry

Several institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. GAMMA Investing LLC lifted its position in shares of Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares during the last quarter. Comerica Bank grew its position in shares of Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Xometry by 2.0% during the 3rd quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock worth $713,000 after acquiring an additional 256 shares in the last quarter. Mariner LLC lifted its position in Xometry by 3.2% during the third quarter. Mariner LLC now owns 9,844 shares of the company’s stock valued at $536,000 after acquiring an additional 301 shares during the last quarter. Finally, Corebridge Financial Inc. boosted its stake in Xometry by 1.6% in the first quarter. Corebridge Financial Inc. now owns 21,481 shares of the company’s stock valued at $535,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.