Xometry (NASDAQ:XMTR) Director Katharine Weymouth Sells 5,000 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $94.30, for a total value of $471,500.00. Following the transaction, the director owned 35,345 shares of the company’s stock, valued at $3,333,033.50. This trade represents a 12.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Katharine Weymouth also recently made the following trade(s):

• On Monday, August 31st, Katharine Weymouth sold 5,000 shares of Xometry stock. The shares were sold at an average price of $95.23, for a total value of $476,150.00.

Xometry Price Performance

NASDAQ:XMTR traded down $1.42 during trading hours on Monday, reaching $92.69. The company had a trading volume of 530,364 shares, compared to its average volume of 901,057. The stock has a 50-day moving average of $91.55 and a two-hundred day moving average of $71.28. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08. The firm has a market capitalization of $4.80 billion, a PE ratio of -154.48 and a beta of 1.29. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41.

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wedbush assumed coverage on Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. UBS Group boosted their target price on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Rosenblatt Securities began coverage on Xometry in a report on Thursday, August 20th. They set a “buy” rating and a $110.00 price target for the company. Finally, Cantor Fitzgerald boosted their price objective on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and a consensus target price of $108.33.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LP lifted its holdings in Xometry by 1.6% during the 2nd quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock worth $2,239,000 after buying an additional 360 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Xometry by 9,368.5% during the second quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock worth $473,128,000 after acquiring an additional 4,850,095 shares during the last quarter. Odyssean LLC bought a new stake in shares of Xometry during the second quarter worth $1,464,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Xometry during the second quarter valued at $414,000. Finally, Nykredit A S bought a new position in Xometry in the second quarter valued at about $103,000. 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.