Randolph Altschuler Sells 50,000 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $87.85, for a total value of $4,392,500.00. Following the sale, the chief executive officer directly owned 455,248 shares of the company’s stock, valued at $39,993,536.80. The trade was a 9.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, February 26th, Randolph Altschuler sold 31,928 shares of Xometry stock. The shares were sold at an average price of $43.44, for a total transaction of $1,386,952.32.

Xometry Stock Performance

Shares of Xometry stock traded up $2.32 on Friday, reaching $89.21. The stock had a trading volume of 415,190 shares, compared to its average volume of 979,249. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The business’s 50-day moving average price is $52.78 and its two-hundred day moving average price is $56.69. The stock has a market cap of $4.62 billion, a P/E ratio of -87.46 and a beta of 1.01. Xometry, Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $93.13.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. Xometry’s revenue was up 35.9% compared to the same quarter last year. During the same period last year, the business posted ($0.05) EPS. On average, sell-side analysts forecast that Xometry, Inc. will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of Xometry by 23.7% in the first quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock valued at $9,614,000 after buying an additional 45,158 shares during the period. Sylebra Capital LLC raised its holdings in Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after acquiring an additional 127,637 shares in the last quarter. California State Teachers Retirement System raised its holdings in Xometry by 21.8% in the 1st quarter. California State Teachers Retirement System now owns 51,770 shares of the company’s stock valued at $2,114,000 after acquiring an additional 9,283 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Xometry in the 1st quarter worth approximately $1,150,000. Finally, Quantinno Capital Management LP lifted its position in shares of Xometry by 759.5% in the 1st quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock worth $1,335,000 after acquiring an additional 28,890 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Xometry in a report on Friday, May 8th. Citizens Jmp lifted their price target on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. William Blair reiterated an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Finally, Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.