Insider Selling: Xometry (NASDAQ:XMTR) Insider Sells 2,500 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $70.00, for a total transaction of $175,000.00. Following the sale, the insider directly owned 64,919 shares in the company, valued at $4,544,330. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Subir Dutt also recently made the following trade(s):

• On Monday, January 5th, Subir Dutt sold 3,929 shares of Xometry stock. The shares were sold at an average price of $65.55, for a total value of $257,545.95.
• On Wednesday, November 19th, Subir Dutt sold 2,075 shares of Xometry stock. The shares were sold at an average price of $60.00, for a total value of $124,500.00.

Xometry Stock Down 7.3%

NASDAQ XMTR traded down $4.98 during trading hours on Wednesday, hitting $63.61. 931,990 shares of the company traded hands, compared to its average volume of 807,056. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62. The business’s 50-day moving average is $62.38 and its 200-day moving average is $54.83. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -50.89 and a beta of 0.86. Xometry, Inc. has a twelve month low of $18.59 and a twelve month high of $73.87.

Institutional Trading of Xometry

Several institutional investors have recently added to or reduced their stakes in XMTR. Royal Bank of Canada increased its position in Xometry by 5.0% during the 1st quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock worth $1,511,000 after buying an additional 2,899 shares during the period. AQR Capital Management LLC acquired a new position in shares of Xometry in the first quarter valued at about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Xometry by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock worth $649,000 after acquiring an additional 1,877 shares during the period. Goldman Sachs Group Inc. raised its stake in Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock worth $11,281,000 after purchasing an additional 95,154 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in Xometry by 18.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,100 shares of the company’s stock valued at $307,000 after purchasing an additional 1,400 shares during the period. 97.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XMTR has been the topic of several analyst reports. Wedbush upped their price target on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group raised their target price on shares of Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Citizens Jmp boosted their price target on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, January 21st. Finally, JMP Securities set a $75.00 price target on Xometry in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Xometry has a consensus rating of “Hold” and an average target price of $57.89.

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.