James Miln Sells 1,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $97.06, for a total transaction of $145,590.00. Following the transaction, the chief financial officer directly owned 181,523 shares of the company’s stock, valued at $17,618,622.38. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The stock was 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 stock was sold at an average price of $79.69, for a total value of $119,535.00.

Xometry Trading Up 2.6%

XMTR stock traded up $2.42 during trading on Monday, reaching $94.24. 741,635 shares of the stock traded hands, compared to its average volume of 957,795. The business’s 50 day moving average price is $82.35 and its 200-day moving average price is $63.34. Xometry, Inc. has a 52-week low of $30.63 and a 52-week high of $99.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The firm has a market capitalization of $4.88 billion, a PE ratio of -92.39 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data 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 the consensus estimate of $188.46 million. During the same period last year, the business posted ($0.05) EPS. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Xometry, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares in the last quarter. Comerica Bank increased its stake in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares during the last quarter. M&T Bank Corp raised its holdings in Xometry by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after acquiring an additional 180 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Xometry by 9.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after acquiring an additional 290 shares in the last quarter. Finally, Mariner LLC boosted its stake in Xometry by 3.2% during the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock valued at $536,000 after acquiring an additional 301 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XMTR. Royal Bank Of Canada boosted their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research note on Thursday, April 30th. Citigroup boosted their target price on shares of 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 research note on Friday, May 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price target on shares of Xometry in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $76.00.

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.