Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells $223,149.68 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 2,392 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.29, for a total value of $223,149.68. Following the sale, the chief financial officer directly owned 179,131 shares in the company, valued at $16,711,130.99. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Miln also recently made the following trade(s):

• On Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $97.06, for a total transaction of $145,590.00.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $96.90, for a total value of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $79.69, for a total transaction of $119,535.00.

Xometry Stock Up 2.6%

Xometry stock traded up $2.42 during trading hours on Monday, hitting $94.24. The company had a trading volume of 741,635 shares, compared to its average volume of 957,795. The firm’s fifty day moving average is $82.35 and its 200-day moving average is $63.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. Xometry, Inc. has a fifty-two week low of $30.63 and a fifty-two week high of $99.86. The firm has a market capitalization of $4.88 billion, a P/E ratio of -92.39 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last issued its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same period in the prior year, the firm posted ($0.05) EPS. The business’s revenue was up 35.9% compared to the same quarter last year. On average, research analysts forecast that Xometry, Inc. will post -0.11 earnings per share for the current year.

Institutional Trading of Xometry

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in shares of Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Xometry by 9.2% during the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after buying an additional 132,792 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Xometry by 1.6% in the fourth quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock valued at $77,677,000 after buying an additional 20,901 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Xometry during the 4th quarter worth $76,393,000. Finally, State Street Corp lifted its stake in shares of Xometry by 1.2% in the 4th quarter. State Street Corp now owns 978,540 shares of the company’s stock valued at $58,194,000 after purchasing an additional 11,272 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a report on Thursday, April 30th. Citigroup boosted their target price on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada boosted their price objective on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Xometry in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Xometry currently has an average rating of “Hold” and a consensus target price of $76.00.

Xometry Company Profile

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.