Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler Sells 9,331 Shares

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 9,331 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.16, for a total value of $234,767.96. Following the completion of the transaction, the chief executive officer now directly owns 328,934 shares in the company, valued at $8,275,979.44. This trade represents a 2.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, February 28th, Randolph Altschuler sold 27,566 shares of Xometry stock. The shares were sold at an average price of $26.60, for a total value of $733,255.60.

Xometry Stock Performance

Shares of Xometry stock opened at $19.98 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The firm’s 50-day simple moving average is $29.56 and its 200-day simple moving average is $29.16. The firm has a market cap of $1.01 billion, a PE ratio of -19.03 and a beta of 0.69.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. Citigroup lowered their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Wedbush restated an “outperform” rating and set a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.11.

Institutional Trading of Xometry

Several hedge funds and other institutional investors have recently bought and sold shares of XMTR. Global Retirement Partners LLC acquired a new position in shares of Xometry in the 4th quarter worth approximately $27,000. Canada Pension Plan Investment Board acquired a new stake in shares of Xometry during the fourth quarter worth $38,000. Comerica Bank lifted its position in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock worth $48,000 after buying an additional 749 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Xometry in the 4th quarter valued at about $51,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Xometry during the 4th quarter valued at about $73,000. 97.31% of the stock is owned by institutional investors.

About Xometry

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.