Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells 3,000 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total value of $103,500.00. Following the transaction, the chief operating officer now directly owns 164,993 shares of the company’s stock, valued at approximately $5,692,258.50. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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.
• On Wednesday, December 18th, Peter Goguen sold 986 shares of Xometry stock. The stock was sold at an average price of $40.08, for a total transaction of $39,518.88.
• On Monday, November 11th, Peter Goguen sold 5,000 shares of Xometry stock. The stock was sold at an average price of $32.00, for a total value of $160,000.00.
• On Thursday, November 7th, Peter Goguen sold 12,000 shares of Xometry stock. The shares were sold at an average price of $29.55, for a total value of $354,600.00.

Xometry Trading Down 1.6 %

Shares of NASDAQ XMTR opened at $33.23 on Friday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The firm’s 50-day simple moving average is $35.35 and its 200 day simple moving average is $23.87.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Primecap Management Co. CA raised its position in Xometry by 1.7% in the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after buying an additional 113,264 shares during the last quarter. FMR LLC grew its stake in shares of Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after acquiring an additional 1,169,778 shares in the last quarter. Fred Alger Management LLC raised its holdings in shares of Xometry by 20.8% in the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after purchasing an additional 312,971 shares during the last quarter. Sylebra Capital LLC lifted its position in shares of Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after purchasing an additional 288,151 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Xometry by 4.3% during the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock worth $18,291,000 after purchasing an additional 41,341 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XMTR. Wedbush reissued an “outperform” rating and issued a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. Craig Hallum increased their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.33.

Xometry Company Profile

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.