Randolph Altschuler Sells 10,000 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 10,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $90.82, for a total transaction of $908,200.00. Following the completion of the sale, the director directly owned 551,270 shares of the company’s stock, valued at approximately $50,066,341.40. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, July 2nd, Randolph Altschuler sold 5,722 shares of Xometry stock. The shares were sold at an average price of $93.30, for a total transaction of $533,862.60.

Xometry Price Performance

Xometry stock traded up $0.81 during mid-day trading on Thursday, hitting $93.04. The stock had a trading volume of 428,976 shares, compared to its average volume of 891,916. The firm has a market capitalization of $4.82 billion, a P/E ratio of -155.06 and a beta of 1.32. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $91.58 and its 200 day moving average is $71.92. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08.

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

Analyst Ratings Changes

Several research firms have recently issued reports on XMTR. JPMorgan Chase & Co. began coverage on shares of Xometry in a research report on Monday, August 24th. They set an “overweight” rating and a $120.00 price objective on the stock. UBS Group lifted their price target on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Citizens Jmp boosted their price target on shares of Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Finally, Royal Bank Of Canada raised their price objective on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.33.

Institutional Investors Weigh In On Xometry

Large investors have recently bought and sold shares of the business. Comerica Bank increased its position in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the period. M&T Bank Corp boosted its holdings 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 purchasing an additional 180 shares during the period. Rockefeller Capital Management L.P. grew its stake in Xometry by 9.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after purchasing an additional 290 shares in the last quarter. Mariner LLC increased its holdings in Xometry by 3.2% during the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after purchasing an additional 301 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Xometry by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 74,565 shares of the company’s stock worth $4,434,000 after purchasing an additional 348 shares during the period. 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.