Subir Dutt Sells 2,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $85.00, for a total value of $212,500.00. Following the sale, the insider owned 102,232 shares in the company, valued at approximately $8,689,720. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The shares were 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 shares were sold at an average price of $43.47, for a total value of $104,762.70.

Xometry Price Performance

XMTR stock traded up $2.27 during trading on Wednesday, hitting $86.19. The company had a trading volume of 1,216,881 shares, compared to its average volume of 983,439. The company has a fifty day moving average price of $46.47 and a two-hundred day moving average price of $54.80. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The company has a market cap of $4.47 billion, a P/E ratio of -84.50 and a beta of 1.01. Xometry, Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $89.79.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. Equities research analysts expect that Xometry, Inc. will post -0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on XMTR. Royal Bank Of Canada boosted their price target on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Citizens Jmp boosted their price target on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Finally, Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Xometry has an average rating of “Hold” and an average target price of $76.00.

Hedge Funds Weigh In On Xometry

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after purchasing an additional 697 shares in the last quarter. Titan Global Capital Management USA LLC acquired a new position in Xometry in the first quarter worth $1,312,000. AlphaCentric Advisors LLC acquired a new position in Xometry in the first quarter worth $510,000. Swiss National Bank boosted its stake in Xometry by 1.1% in the first quarter. Swiss National Bank now owns 88,600 shares of the company’s stock worth $3,618,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Roubaix Capital LLC boosted its stake in Xometry by 64.5% in the first quarter. Roubaix Capital LLC now owns 165,931 shares of the company’s stock worth $6,777,000 after purchasing an additional 65,058 shares in the last quarter. Institutional investors and hedge funds 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.