Xometry (NASDAQ:XMTR) CFO James Miln Sells 4,000 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 4,000 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $113.81, for a total transaction of $455,240.00. Following the completion of the transaction, the chief financial officer owned 173,631 shares of the company’s stock, valued at approximately $19,760,944.11. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Xometry Price Performance

NASDAQ:XMTR opened at $119.31 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.13 and a current ratio of 3.15. The company has a 50-day moving average of $99.27 and a 200-day moving average of $77.80. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $123.39. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of -350.90 and a beta of 1.33.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. The business had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $235.54 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, equities research analysts anticipate that Xometry, Inc. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XMTR has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their price objective on Xometry from $110.00 to $114.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Raymond James Financial set a $120.00 target price on Xometry in a report on Tuesday, September 22nd. The Goldman Sachs Group increased their target price on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on Xometry from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Finally, Rosenblatt Securities boosted their price target on Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.64.

Institutional Investors Weigh In On Xometry

Several large investors have recently made changes to their positions in the company. Abel Hall LLC increased its position in shares of Xometry by 5.2% during the 3rd quarter. Abel Hall LLC now owns 2,246 shares of the company’s stock worth $231,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Xometry by 36.5% during the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock valued at $99,000 after purchasing an additional 256 shares during the last quarter. Corient Private Wealth LP boosted its position in Xometry by 1.6% in the second quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock valued at $2,239,000 after buying an additional 360 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Xometry in the second quarter valued at about $36,000. Finally, IFP Advisors Inc boosted its position in Xometry by 687.5% in the third quarter. IFP Advisors Inc now owns 441 shares of the company’s stock valued at $45,000 after buying an additional 385 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.