Xometry (NASDAQ:XMTR) CEO Sanjeev Singh Sahni Sells 1,500 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of Xometry stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $122.50, for a total transaction of $183,750.00. Following the completion of the transaction, the chief executive officer owned 176,791 shares of the company’s stock, valued at $21,656,897.50. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Monday, October 12th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $108.80, for a total value of $163,200.00.
• On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The stock was sold at an average price of $103.28, for a total value of $114,847.36.
• On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $85.23, for a total value of $127,845.00.
• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $90.19, for a total value of $135,285.00.

Xometry Price Performance

XMTR traded down $1.17 during trading on Friday, hitting $119.61. The company’s stock had a trading volume of 576,710 shares, compared to its average volume of 885,732. The company has a quick ratio of 3.13, a current ratio of 3.15 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of -351.78 and a beta of 1.33. The firm’s 50 day moving average price is $100.47 and its two-hundred day moving average price is $78.39. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $127.49.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. The company had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $235.54 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. Sell-side analysts forecast that Xometry, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Xometry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after acquiring an additional 280,491 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Xometry by 0.7% in the 3rd quarter. Stephens Investment Management Group LLC now owns 804,719 shares of the company’s stock valued at $82,765,000 after purchasing an additional 5,539 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Xometry by 243.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares during the period. Sylebra Capital LLC boosted its position in shares of Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after purchasing an additional 127,637 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its position in shares of Xometry by 115.1% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after purchasing an additional 159,227 shares during the last quarter. 97.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

XMTR has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on shares of Xometry from $100.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, November 4th. Wedbush increased their price target on shares of Xometry from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Xometry from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Citizens Jmp boosted their price objective on shares of Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.55.

Xometry Company Profile

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.