Insider Selling: Xometry (NASDAQ:XMTR) CEO Sells $986,373.78 in Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 14,826 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $66.53, for a total value of $986,373.78. Following the completion of the sale, the chief executive officer owned 295,445 shares of the company’s stock, valued at approximately $19,655,955.85. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Xometry Stock Performance

NASDAQ:XMTR opened at $62.64 on Friday. Xometry, Inc. has a 52-week low of $18.59 and a 52-week high of $69.26. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -50.11 and a beta of 0.86. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62. The business’s fifty day moving average is $60.46 and its 200 day moving average is $49.86.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $180.72 million for the quarter, compared to analyst estimates of $168.25 million. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. Research analysts predict that Xometry, Inc. will post -0.66 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on XMTR. JMP Securities set a $75.00 price objective on shares of Xometry in a report on Wednesday, November 5th. Wedbush lifted their price objective on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a report on Wednesday, November 5th. Cantor Fitzgerald lifted their price target on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. increased their price target on Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Xometry has a consensus rating of “Hold” and a consensus target price of $57.89.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Xometry during the third quarter worth about $30,000. Westend Capital Management LLC bought a new position in shares of Xometry in the third quarter valued at $41,000. GAMMA Investing LLC raised its position 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 during the period. Global Retirement Partners LLC bought a new position in shares of Xometry during the third quarter worth approximately $47,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Xometry by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock valued at $34,000 after purchasing an additional 412 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.