Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells $35,329.02 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 599 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $58.98, for a total transaction of $35,329.02. Following the transaction, the chief financial officer directly owned 133,798 shares of the company’s stock, valued at $7,891,406.04. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

James Miln also recently made the following trade(s):

• On Monday, January 5th, James Miln sold 6,203 shares of Xometry stock. The shares were sold at an average price of $66.51, for a total transaction of $412,561.53.
• On Friday, January 2nd, James Miln sold 598 shares of Xometry stock. The shares were sold at an average price of $61.80, for a total transaction of $36,956.40.
• On Friday, November 7th, James Miln sold 599 shares of Xometry stock. The stock was sold at an average price of $62.11, for a total value of $37,203.89.

Xometry Trading Up 9.4%

Shares of XMTR stock opened at $66.03 on Friday. The stock has a 50-day simple moving average of $61.81 and a 200 day simple moving average of $53.98. The stock has a market capitalization of $3.38 billion, a P/E ratio of -52.82 and a beta of 0.86. Xometry, Inc. has a fifty-two week low of $18.59 and a fifty-two week high of $69.26. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20.

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

Wall Street Analyst Weigh In

Several analysts recently commented on XMTR shares. Zacks Research cut shares of Xometry from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald increased their price objective on Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Citizens Jmp boosted their target price on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 5th. Finally, Wedbush raised their price target on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $57.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in Xometry during the third quarter worth about $30,000. Westend Capital Management LLC acquired a new stake in shares of Xometry during the 3rd quarter worth approximately $41,000. GAMMA Investing LLC raised its stake in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares in the last quarter. Global Retirement Partners LLC bought a new position in Xometry in the third quarter worth $47,000. Finally, Leonteq Securities AG acquired a new stake in Xometry during the fourth quarter worth $59,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.