Xometry (NASDAQ:XMTR) CFO James Miln Sells 599 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 599 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $58.98, for a total transaction of $35,329.02. Following the sale, the chief financial officer directly owned 133,798 shares in the company, valued at approximately $7,891,406.04. The trade was a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, January 5th, James Miln sold 6,203 shares of Xometry stock. The shares were sold at an average price of $66.51, for a total transaction of $412,561.53.
• On Friday, January 2nd, James Miln sold 598 shares of Xometry stock. The shares were sold at an average price of $61.80, for a total transaction of $36,956.40.
• On Friday, November 7th, James Miln sold 599 shares of Xometry stock. The stock was sold at an average price of $62.11, for a total transaction of $37,203.89.

Xometry Stock Performance

XMTR traded down $1.15 during mid-day trading on Wednesday, reaching $60.70. 2,155,822 shares of the company traded hands, compared to its average volume of 740,388. The company’s fifty day moving average price is $61.55 and its 200-day moving average price is $53.67. The stock has a market capitalization of $3.11 billion, a P/E ratio of -48.56 and a beta of 0.86. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20. Xometry, Inc. has a 52-week low of $18.59 and a 52-week high of $69.26.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $180.72 million for the quarter, compared to the consensus estimate of $168.25 million. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. On average, sell-side analysts expect that Xometry, Inc. will post -0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of recent research reports. Zacks Research downgraded Xometry from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Cantor Fitzgerald upped their target price on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. The Goldman Sachs Group lifted their price target on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, JMP Securities set a $75.00 price objective on Xometry in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $57.89.

Institutional Trading of Xometry

Several institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after buying an additional 690,558 shares during the period. Durable Capital Partners LP purchased a new position in shares of Xometry in the third quarter valued at about $36,455,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Xometry by 248.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock worth $29,053,000 after acquiring an additional 613,282 shares during the period. Stephens Investment Management Group LLC bought a new position in shares of Xometry in the second quarter worth about $13,292,000. Finally, First Trust Advisors LP grew its position in shares of Xometry by 42.9% during the second quarter. First Trust Advisors LP now owns 1,279,005 shares of the company’s stock worth $43,218,000 after purchasing an additional 384,211 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.