Sanjeev Singh Sahni Sells 1,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Singh Sahni sold 1,500 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $90.19, for a total value of $135,285.00. Following the sale, the chief executive officer owned 182,403 shares in the company, valued at approximately $16,450,926.57. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Xometry Trading Down 4.2%

NASDAQ XMTR traded down $3.78 during trading hours on Tuesday, hitting $85.95. 501,073 shares of the company’s stock were exchanged, compared to its average volume of 922,051. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -143.25 and a beta of 1.30. The stock has a 50-day simple moving average of $91.49 and a 200 day simple moving average of $69.70. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $106.08.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company’s revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 earnings per share. On average, equities analysts forecast that Xometry, Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank Of Canada raised their price target on shares of Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Cantor Fitzgerald raised their target price on Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Citigroup boosted their target price on Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, UBS Group upped their price target on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Xometry presently has a consensus rating of “Hold” and a consensus price target of $101.88.

Institutional Trading of Xometry

A number of hedge funds and other institutional investors have recently bought and sold shares of XMTR. Royal Bank of Canada lifted its stake in shares of Xometry by 5.0% in the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after buying an additional 2,899 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Xometry in the 1st quarter worth about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Xometry by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock worth $649,000 after acquiring an additional 1,877 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after acquiring an additional 95,154 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Xometry by 476.1% in the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock valued at $8,055,000 after acquiring an additional 197,013 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

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.