Insider Selling: Xometry, Inc. (NASDAQ:XMTR) CEO Sells $733,255.60 in Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 27,566 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the sale, the chief executive officer now directly owns 256,570 shares of the company’s stock, valued at $6,824,762. This represents a 9.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Xometry Stock Down 4.2 %

Shares of XMTR opened at $24.71 on Friday. The stock has a market capitalization of $1.22 billion, a PE ratio of -23.53 and a beta of 0.69. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The company’s 50-day simple moving average is $34.67 and its 200-day simple moving average is $28.28.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Citigroup dropped their price objective on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Cantor Fitzgerald upped their target price on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.11.

Institutional Trading of Xometry

Several hedge funds have recently made changes to their positions in XMTR. Global Retirement Partners LLC acquired a new stake in shares of Xometry during the fourth quarter worth about $27,000. Canada Pension Plan Investment Board acquired a new stake in shares of Xometry during the fourth quarter worth about $38,000. Comerica Bank lifted its position in shares of Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock worth $48,000 after purchasing an additional 749 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Xometry during the fourth quarter worth about $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Xometry during the fourth quarter worth about $73,000. Institutional investors and hedge funds 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.