Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells $412,561.53 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 6,203 shares of Xometry stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $66.51, for a total value of $412,561.53. Following the completion of the transaction, the chief financial officer owned 134,397 shares in the company, valued at $8,938,744.47. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value 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 Stock Down 8.2%

Shares of XMTR stock opened at $62.64 on Friday. Xometry, Inc. has a 12 month low of $18.59 and a 12 month 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. The firm has a market cap of $3.21 billion, a PE ratio of -50.11 and a beta of 0.86. The stock has a 50 day moving average of $60.46 and a 200-day moving average of $49.86.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hood River Capital Management LLC boosted its stake in Xometry by 29.7% in the 2nd quarter. Hood River Capital Management LLC now owns 404,853 shares of the company’s stock worth $13,680,000 after purchasing an additional 92,741 shares during the period. LVW Advisors LLC bought a new stake in Xometry during the second quarter valued at approximately $388,000. Squarepoint Ops LLC lifted its holdings in shares of Xometry by 33.9% during the 2nd quarter. Squarepoint Ops LLC now owns 183,799 shares of the company’s stock worth $6,211,000 after acquiring an additional 46,502 shares during the last quarter. Sheets Smith Investment Management purchased a new position in shares of Xometry in the 1st quarter worth about $347,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in Xometry in the second quarter worth approximately $1,605,000. 97.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, October 8th. JMP Securities set a $75.00 price objective on Xometry in a research report on Wednesday, November 5th. The Goldman Sachs Group raised their target price on Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Citizens Jmp boosted their price target on shares of Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a report on Wednesday, November 5th. Finally, Cantor Fitzgerald increased their price objective on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Five 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.89.

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.