Peter Goguen Sells 986 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 986 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $25.20, for a total value of $24,847.20. Following the transaction, the chief operating officer now owns 187,883 shares of the company’s stock, valued at $4,734,651.60. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Peter Goguen also recently made the following trade(s):

• On Tuesday, February 11th, Peter Goguen sold 3,000 shares of Xometry stock. The stock was sold at an average price of $35.57, for a total value of $106,710.00.
• On Wednesday, January 15th, Peter Goguen sold 3,000 shares of Xometry stock. The stock was sold at an average price of $34.50, for a total value of $103,500.00.
• On Friday, January 3rd, Peter Goguen sold 940 shares of Xometry stock. The stock was sold at an average price of $42.36, for a total value of $39,818.40.

Xometry Trading Down 2.4 %

Shares of NASDAQ XMTR opened at $25.63 on Friday. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -24.41 and a beta of 0.69. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $31.39 and a 200-day simple moving average of $28.64.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of analyst reports. Citigroup reduced their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. JMP Securities restated a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. UBS Group upped their price objective on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Cantor Fitzgerald upped their price objective on Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada upped their price objective on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.11.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently modified their holdings of the stock. Primecap Management Co. CA lifted its holdings in shares of Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after purchasing an additional 113,264 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Xometry by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company’s stock valued at $183,151,000 after purchasing an additional 86,997 shares during the last quarter. FMR LLC lifted its holdings in shares of Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after purchasing an additional 1,169,778 shares during the last quarter. Sylebra Capital LLC raised its position in Xometry by 2.1% during the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock valued at $78,270,000 after buying an additional 37,883 shares during the period. Finally, Fred Alger Management LLC raised its position in Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after buying an additional 312,971 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.