Insider Selling: Xometry (NASDAQ:XMTR) CTO Sells $483,850.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $96.77, for a total value of $483,850.00. Following the completion of the sale, the chief technology officer owned 135,777 shares in the company, valued at $13,139,140.29. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vaidyanathan Raghavan also recently made the following trade(s):

• On Thursday, July 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The stock was sold at an average price of $93.21, for a total transaction of $173,929.86.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $94.11 on Monday. The company’s 50 day moving average price is $91.55 and its 200-day moving average price is $71.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $106.08. The company has a market capitalization of $4.88 billion, a P/E ratio of -156.85 and a beta of 1.29.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. During the same period in the prior year, the company posted $0.09 earnings per share. Xometry’s revenue for the quarter was up 41.1% compared to the same quarter last year. Equities analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. began coverage on Xometry in a research report on Monday, August 24th. They set an “overweight” rating and a $120.00 target price on the stock. The Goldman Sachs Group boosted their price target on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wedbush started coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target on the stock. Citigroup raised their price objective on shares of Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities started coverage on shares of Xometry in a research note on Thursday, August 20th. They issued a “buy” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.33.

Hedge Funds Weigh In On Xometry

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank raised its holdings in Xometry by 17.9% during the third 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. M&T Bank Corp lifted its stake in shares of Xometry by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after buying an additional 180 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Xometry by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after buying an additional 290 shares during the last quarter. Mariner LLC grew its holdings in shares of 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 buying an additional 301 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Xometry by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 74,565 shares of the company’s stock worth $4,434,000 after acquiring an additional 348 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

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.