Insider Selling: Xometry (NASDAQ:XMTR) Director Sells $908,200.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 10,000 shares of Xometry stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $90.82, for a total value of $908,200.00. Following the completion of the sale, the director owned 551,270 shares of the company’s stock, valued at $50,066,341.40. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, July 2nd, Randolph Altschuler sold 5,722 shares of Xometry stock. The stock was sold at an average price of $93.30, for a total value of $533,862.60.

Xometry Price Performance

XMTR opened at $92.53 on Friday. The company’s 50-day simple moving average is $91.55 and its two-hundred day simple moving average is $72.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The stock has a market capitalization of $4.80 billion, a P/E ratio of -154.21 and a beta of 1.32. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $106.08.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The firm had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, analysts predict that Xometry, Inc. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

XMTR has been the subject of a number of research reports. UBS Group boosted their target price on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald raised their price target on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Citigroup lifted their price objective on Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. assumed coverage on Xometry in a report on Monday, August 24th. They issued an “overweight” rating and a $120.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.33.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the last quarter. M&T Bank Corp increased its stake in shares of Xometry by 2.1% in the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock worth $510,000 after purchasing an additional 180 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after purchasing an additional 290 shares in the last quarter. Mariner LLC raised its holdings in Xometry by 3.2% in the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after purchasing an additional 301 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Xometry by 0.5% in the 4th quarter. New York State Common Retirement Fund now owns 74,565 shares of the company’s stock worth $4,434,000 after purchasing an additional 348 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.