Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen Sells 940 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 940 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $25.15, for a total transaction of $23,641.00. Following the completion of the sale, the chief operating officer now directly owns 186,943 shares in the company, valued at approximately $4,701,616.45. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, March 18th, Peter Goguen sold 986 shares of Xometry stock. The stock was sold at an average price of $25.20, for a total transaction of $24,847.20.
• On Tuesday, February 11th, Peter Goguen sold 3,000 shares of Xometry stock. The stock was sold at an average price of $35.57, for a total transaction of $106,710.00.
• On Wednesday, January 15th, Peter Goguen sold 3,000 shares of Xometry stock. The shares were sold at an average price of $34.50, for a total value of $103,500.00.

Xometry Stock Down 7.8 %

Shares of NASDAQ XMTR opened at $19.98 on Friday. The firm’s fifty day moving average is $29.56 and its 200 day moving average is $29.23. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -19.03 and a beta of 0.72.

Analyst Upgrades and Downgrades

XMTR has been the topic of several research reports. Royal Bank of Canada raised their price objective on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. Wedbush reaffirmed an “outperform” rating and set a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. Citigroup reduced their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, Cantor Fitzgerald upped their target price on Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Xometry currently has a consensus rating of “Moderate Buy” and an average price target of $36.11.

Hedge Funds Weigh In On Xometry

Hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in shares of Xometry during the fourth quarter worth about $27,000. Canada Pension Plan Investment Board purchased a new stake in Xometry in the 4th quarter worth approximately $38,000. Comerica Bank grew its position in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock worth $48,000 after buying an additional 749 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of Xometry during the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Xometry during the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.