Xometry (NASDAQ:XMTR) Insider Sells $440,915.60 in Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 4,943 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $89.20, for a total value of $440,915.60. Following the sale, the insider owned 97,289 shares of the company’s stock, valued at approximately $8,678,178.80. The trade was a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was 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.
• On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The stock was sold at an average price of $43.47, for a total value of $104,762.70.

Xometry Trading Up 2.7%

XMTR stock opened at $89.21 on Friday. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -87.46 and a beta of 1.01. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $53.71 and a 200-day simple moving average of $56.92. Xometry, Inc. has a 52 week low of $29.60 and a 52 week high of $93.13.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. On average, equities research analysts expect that Xometry, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Xometry

A number of institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position in Xometry by 54.2% during 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. First Trust Advisors LP boosted its position in Xometry by 9.2% in the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after buying an additional 132,792 shares during the last quarter. Baillie Gifford & Co. boosted its position in Xometry by 1.6% in the 4th quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock valued at $77,677,000 after buying an additional 20,901 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Xometry in the 4th quarter valued at about $76,393,000. Finally, State Street Corp boosted its position in Xometry by 1.2% in the 4th quarter. State Street Corp now owns 978,540 shares of the company’s stock valued at $58,194,000 after buying an additional 11,272 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.