Xometry, Inc. (NASDAQ:XMTR) COO Sells $24,847.20 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 986 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $25.20, for a total transaction of $24,847.20. Following the transaction, the chief operating officer now owns 187,883 shares in the company, valued at $4,734,651.60. This represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Peter Goguen also recently made the following trade(s):

• On Tuesday, February 11th, Peter Goguen sold 3,000 shares of Xometry stock. The shares were sold at an average price of $35.57, for a total value of $106,710.00.
• On Wednesday, January 15th, Peter Goguen sold 3,000 shares of Xometry stock. The stock was sold at an average price of $34.50, for a total value of $103,500.00.
• On Friday, January 3rd, Peter Goguen sold 940 shares of Xometry stock. The shares were sold at an average price of $42.36, for a total value of $39,818.40.

Xometry Stock Up 3.3 %

Shares of XMTR traded up $0.85 on Wednesday, hitting $26.27. 542,749 shares of the stock traded hands, compared to its average volume of 596,594. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The company has a market capitalization of $1.32 billion, a PE ratio of -25.02 and a beta of 0.69. The business has a 50 day simple moving average of $31.81 and a 200 day simple moving average of $28.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Wall Street Analyst Weigh In

XMTR has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $48.00 target price on shares of Xometry in a report on Friday, December 20th. JMP Securities reissued a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Citigroup cut their price objective on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price target on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Xometry presently has an average rating of “Moderate Buy” and a consensus target price of $36.11.

Institutional Trading of Xometry

Several institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in shares of Xometry during the fourth quarter valued at $27,000. Canada Pension Plan Investment Board bought a new position in Xometry during the 4th quarter valued at about $38,000. Comerica Bank boosted its holdings in shares of Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after acquiring an additional 749 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Xometry in the fourth quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Xometry in the fourth quarter worth approximately $73,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.