Vaidyanathan Raghavan Sells 1,866 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 1,866 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $93.21, for a total transaction of $173,929.86. Following the completion of the sale, the chief technology officer owned 140,777 shares of the company’s stock, valued at approximately $13,121,824.17. This represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Xometry Stock Performance

XMTR stock opened at $93.10 on Wednesday. Xometry, Inc. has a 1-year low of $30.63 and a 1-year 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. The firm has a market cap of $4.82 billion, a PE ratio of -91.27 and a beta of 1.27. The business’s 50-day moving average price is $84.21 and its two-hundred day moving average price is $63.81.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same quarter last year, the firm posted ($0.05) earnings per share. Xometry’s revenue was up 35.9% compared to the same quarter last year. As a group, research analysts forecast that Xometry, Inc. will post -0.06 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their target price 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 upped their price target on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $76.00.

Key Xometry News

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 Trading of Xometry

Large investors have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Xometry during the 4th quarter worth about $28,000. Quantbot Technologies LP acquired a new stake in Xometry in the 3rd quarter valued at about $30,000. GAMMA Investing LLC grew its holdings in Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after purchasing an additional 162 shares during the period. Leonteq Securities AG bought a new position in Xometry during the fourth quarter worth about $59,000. Finally, CoreCap Advisors LLC acquired a new position in Xometry during the second quarter worth approximately $97,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.