Xometry (NASDAQ:XMTR) Director Randolph Altschuler Sells 10,000 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR – Get Free Report) Director Randolph Altschuler sold 10,000 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $108.90, for a total transaction of $1,089,000.00. Following the completion of the transaction, the director directly owned 531,270 shares of the company’s stock, valued at $57,855,303. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, October 2nd, Randolph Altschuler sold 5,721 shares of Xometry stock. The shares were sold at an average price of $103.32, for a total transaction of $591,093.72.
  • On Thursday, October 1st, Randolph Altschuler sold 10,000 shares of Xometry stock. The stock was sold at an average price of $104.04, for a total transaction of $1,040,400.00.
  • On Tuesday, September 1st, Randolph Altschuler sold 10,000 shares of Xometry stock. The stock was sold at an average price of $90.82, for a total transaction of $908,200.00.

Xometry Price Performance

NASDAQ:XMTR traded up $5.94 on Friday, hitting $114.95. The company had a trading volume of 1,101,591 shares, compared to its average volume of 883,905. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of -338.08 and a beta of 1.33. The company has a current ratio of 3.15, a quick ratio of 3.20 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $97.84 and a two-hundred day moving average of $76.95. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $117.94.

Xometry (NASDAQ:XMTR – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $235.54 million. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. The company’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, research analysts anticipate that Xometry, Inc. will post -0.01 earnings per share for the current year.

More Xometry News

Here are the key news stories impacting Xometry this week:

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on XMTR shares. The Goldman Sachs Group upped their price objective on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. UBS Group boosted their target price on shares of Xometry from $95.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday. Citizens Jmp upped their price target on shares of Xometry from $120.00 to $135.00 and gave the company a “market outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Xometry from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Citigroup upped their price target on Xometry from $110.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.64.

Get Our Latest Research Report on XMTR

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently modified their holdings of XMTR. Russell Investments Group Ltd. increased its stake in shares of Xometry by 86.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company’s stock valued at $23,044,000 after acquiring an additional 103,827 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Xometry by 7.6% during the 3rd quarter. Pictet Asset Management Holding SA now owns 7,203 shares of the company’s stock valued at $741,000 after acquiring an additional 508 shares during the period. Integrity Alliance LLC. bought a new position in Xometry during the third quarter worth $252,000. IPG Investment Advisors LLC boosted its stake in Xometry by 34.4% during the third quarter. IPG Investment Advisors LLC now owns 3,361 shares of the company’s stock worth $346,000 after acquiring an additional 861 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Xometry by 7.4% during the third quarter. ProShare Advisors LLC now owns 6,507 shares of the company’s stock worth $669,000 after acquiring an additional 446 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Company Profile

(Get Free Report)

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.

Further Reading

Insider Buying and Selling by Quarter for Xometry (NASDAQ:XMTR)

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