Insider Selling: Xometry (NASDAQ:XMTR) Insider Sells 1,073 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 1,073 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.39, for a total transaction of $100,207.47. Following the completion of the sale, the insider directly owned 93,716 shares of the company’s stock, valued at approximately $8,752,137.24. The trade was a 1.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 27th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was sold at an average price of $95.00, for a total value of $237,500.00.
• On Monday, May 18th, Subir Dutt sold 4,943 shares of Xometry stock. The shares were sold at an average price of $89.20, for a total value of $440,915.60.
• 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 Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The stock was sold at an average price of $79.86, for a total value of $399,300.00.

Xometry Price Performance

NASDAQ XMTR traded up $2.42 during mid-day trading on Monday, hitting $94.24. The stock had a trading volume of 741,635 shares, compared to its average volume of 957,795. The firm’s 50 day moving average is $82.35 and its 200 day moving average is $63.34. Xometry, Inc. has a twelve month low of $30.63 and a twelve month high of $99.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of -92.39 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $205.14 million for the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. Equities research analysts forecast that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PVG Asset Management Corp purchased a new position in shares of Xometry during the 1st quarter worth $703,000. Bank of America Corp DE boosted its stake in Xometry by 23.7% during the first quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock worth $9,614,000 after buying an additional 45,158 shares during the period. Sylebra Capital LLC boosted its stake in Xometry by 31.3% during the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after buying an additional 127,637 shares during the period. California State Teachers Retirement System increased its position in shares of Xometry by 21.8% during the first quarter. California State Teachers Retirement System now owns 51,770 shares of the company’s stock valued at $2,114,000 after acquiring an additional 9,283 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Xometry in the 1st quarter valued at approximately $1,150,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XMTR. Royal Bank Of Canada raised their target price on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Xometry in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Citigroup upped their target price on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research report on Thursday, April 30th. Six equities research 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. Based on data from MarketBeat.com, Xometry presently has a consensus rating of “Hold” and a consensus 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.