Randolph Altschuler Sells 27,566 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 27,566 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the sale, the chief executive officer now owns 256,570 shares of the company’s stock, valued at approximately $6,824,762. This trade represents a 9.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Xometry Stock Performance

Shares of XMTR opened at $25.80 on Thursday. The company’s fifty day moving average is $35.07 and its 200-day moving average is $28.31. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -24.57 and a beta of 0.65. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Barclays PLC grew its stake in Xometry by 360.9% in the 3rd quarter. Barclays PLC now owns 68,951 shares of the company’s stock valued at $1,266,000 after buying an additional 53,991 shares during the last quarter. Weiss Asset Management LP acquired a new position in Xometry in the 3rd quarter valued at $1,586,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Xometry in the 3rd quarter valued at $355,000. Versor Investments LP acquired a new position in Xometry in the 3rd quarter valued at $411,000. Finally, Primecap Management Co. CA grew its stake in Xometry by 1.7% in the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after buying an additional 113,264 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on XMTR shares. Citigroup reduced their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. UBS Group upped their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Royal Bank of Canada upped their price objective on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.11.

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.