James Miln Sells 2,392 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 2,392 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68. Following the sale, the chief financial officer directly owned 179,131 shares of the company’s stock, valued at approximately $16,711,130.99. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $97.06, for a total value of $145,590.00.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $96.90, for a total value of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $79.69, for a total value of $119,535.00.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $93.10 on Wednesday. Xometry, Inc. has a fifty-two week low of $30.63 and a fifty-two week high of $99.86. The company has a market cap of $4.82 billion, a PE ratio of -91.27 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The business has a 50-day simple moving average of $84.21 and a two-hundred day simple moving average of $63.81.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. Xometry’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm posted ($0.05) EPS. As a group, equities analysts expect that Xometry, Inc. will post -0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

XMTR has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Royal Bank Of Canada boosted their price target on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Citizens Jmp increased their price objective on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th. Six 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $76.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Xometry by 5.0% in the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after purchasing an additional 2,899 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Xometry in the 1st quarter valued at about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Xometry by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock worth $649,000 after buying an additional 1,877 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Xometry by 26.6% in the first quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock worth $11,281,000 after buying an additional 95,154 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Xometry by 476.1% during the second quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after acquiring an additional 197,013 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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.

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.