Randolph Altschuler Sells 5,722 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 5,722 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $93.30, for a total transaction of $533,862.60. Following the completion of the transaction, the director directly owned 428,750 shares of the company’s stock, valued at $40,002,375. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, May 21st, Randolph Altschuler sold 50,000 shares of Xometry stock. The stock was sold at an average price of $87.85, for a total transaction of $4,392,500.00.

Xometry Trading Down 1.3%

Shares of Xometry stock opened at $93.10 on Wednesday. The firm’s 50 day simple moving average is $84.21 and its two-hundred day simple moving average is $63.81. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of -91.27 and a beta of 1.27. Xometry, Inc. has a 12-month low of $30.63 and a 12-month high of $99.86. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. Analysts predict that Xometry, Inc. will post -0.06 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on XMTR shares. 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. Citigroup lifted their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Finally, Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Xometry presently has an average rating of “Hold” and a consensus price target of $76.00.

Key Headlines Impacting Xometry

Here are the key news stories impacting Xometry this week:

• Neutral Sentiment: CFO James Miln sold shares in two transactions and disclosed that the sales were made to cover tax withholding obligations tied to vesting equity awards, which limits the negative signal investors may take from the activity. SEC filing for James Miln sale
• Neutral Sentiment: Insider Subir Dutt also sold shares for the same tax-withholding reason, and the filing notes the transaction reduced his position only modestly. SEC filing for Subir Dutt sale
• Neutral Sentiment: The company’s recent fundamentals remain supportive: Xometry reported better-than-expected quarterly EPS and revenue growth of 35.9% year over year in its last earnings release, which may help offset concern about insider selling.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after purchasing an additional 162 shares in the last quarter. Comerica Bank increased its holdings in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Xometry by 2.1% in the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after purchasing an additional 180 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after purchasing an additional 290 shares during the period. Finally, Mariner LLC boosted its holdings in Xometry by 3.2% during the third quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after buying an additional 301 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.