Insider Selling: Xometry, Inc. (NASDAQ:XMTR) CFO Sells 7,235 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 7,235 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.61, for a total transaction of $192,523.35. Following the completion of the transaction, the chief financial officer now directly owns 131,090 shares in the company, valued at $3,488,304.90. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, March 4th, James Miln sold 25,852 shares of Xometry stock. The shares were sold at an average price of $24.06, for a total transaction of $621,999.12.
• On Friday, January 3rd, James Miln sold 5,386 shares of Xometry stock. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38.

Xometry Price Performance

NASDAQ XMTR opened at $25.03 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -23.84 and a beta of 0.65. The business has a 50 day simple moving average of $35.42 and a 200 day simple moving average of $28.33. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33.

Wall Street Analysts Forecast Growth

XMTR has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup reduced their target price on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and upped their price target for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Cantor Fitzgerald increased their price target on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, February 26th. Finally, JMP Securities restated a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Xometry currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

Institutional Investors Weigh In On Xometry

Several large investors have recently made changes to their positions in the stock. FMR LLC lifted its position in Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after acquiring an additional 1,169,778 shares in the last quarter. First Trust Advisors LP increased its holdings in Xometry by 2,144.2% during the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company’s stock worth $34,873,000 after purchasing an additional 781,049 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Xometry in the 4th quarter valued at about $30,297,000. Ameriprise Financial Inc. lifted its holdings in shares of Xometry by 225.7% in the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company’s stock valued at $36,381,000 after purchasing an additional 590,974 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Xometry during the fourth quarter worth about $17,623,000. Institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.