Xometry (NASDAQ:XMTR) Insider Subir Dutt Sells 1,073 Shares

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 1,073 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.39, for a total transaction of $100,207.47. Following the completion of the sale, the insider directly owned 93,716 shares of the company’s stock, valued at approximately $8,752,137.24. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 27th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was sold at an average price of $95.00, for a total value of $237,500.00.
• On Monday, May 18th, Subir Dutt sold 4,943 shares of Xometry stock. The shares were sold at an average price of $89.20, for a total value of $440,915.60.
• On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The shares were sold at an average price of $85.00, for a total value of $212,500.00.
• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The stock was sold at an average price of $79.86, for a total value of $399,300.00.

Xometry Stock Up 0.7%

Shares of XMTR opened at $94.93 on Tuesday. The business’s 50 day moving average is $83.30 and its 200 day moving average is $63.58. 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, Inc. has a 12-month low of $30.63 and a 12-month high of $99.86. The company has a market capitalization of $4.92 billion, a PE ratio of -93.07 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The business had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. During the same period last year, the firm posted ($0.05) EPS. The company’s revenue was up 35.9% on a year-over-year basis. Research analysts expect that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xometry

Several hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the period. First Trust Advisors LP boosted its position in shares of Xometry by 9.2% during the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after buying an additional 132,792 shares during the period. Baillie Gifford & Co. grew its stake in shares of Xometry by 1.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock valued at $77,677,000 after buying an additional 20,901 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Xometry during the fourth quarter valued at approximately $76,393,000. Finally, State Street Corp raised its holdings in shares of Xometry by 1.2% in the fourth quarter. State Street Corp now owns 978,540 shares of the company’s stock worth $58,194,000 after buying an additional 11,272 shares during the period. 97.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XMTR shares. Citigroup boosted their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Royal Bank Of Canada upped their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $78.00 target price on shares of Xometry in a research report on Friday, May 8th. Finally, Citizens Jmp boosted their price target on shares of Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Xometry has a consensus rating of “Hold” and a consensus target price of $76.00.

Xometry Company Profile

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.