Insider Selling: Xometry (NASDAQ:XMTR) Insider Sells $399,300.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 5,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the completion of the sale, the insider owned 104,732 shares in the company, valued at approximately $8,363,897.52. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Subir Dutt also recently made the following trade(s):

• On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The shares were sold at an average price of $85.00, for a total value of $212,500.00.
• On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The shares were sold at an average price of $43.47, for a total value of $104,762.70.

Xometry Stock Performance

Shares of Xometry stock opened at $86.12 on Friday. The firm has a market cap of $4.46 billion, a P/E ratio of -84.43 and a beta of 1.01. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. Xometry, Inc. has a 12 month low of $29.60 and a 12 month high of $89.98. The stock’s fifty day moving average price is $49.16 and its 200-day moving average price is $55.55.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. On average, equities research analysts expect that Xometry, Inc. will post -0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xometry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inceptionr LLC purchased a new position in Xometry in the first quarter valued at about $301,000. Sei Investments Co. grew its stake in Xometry by 45.6% in the first quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock valued at $11,216,000 after purchasing an additional 85,989 shares during the last quarter. State of Wyoming grew its stake in Xometry by 28.2% in the first quarter. State of Wyoming now owns 6,605 shares of the company’s stock valued at $270,000 after purchasing an additional 1,452 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after purchasing an additional 697 shares during the last quarter. Finally, Titan Global Capital Management USA LLC purchased a new position in Xometry in the first quarter valued at about $1,312,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

XMTR has been the topic of several research reports. Wedbush cut their price target on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, January 21st. Citigroup raised their price target on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank Of Canada lifted their target price on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $76.00.

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.