Xometry (NASDAQ:XMTR) CTO Sells 5,000 Shares

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 5,000 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $96.77, for a total value of $483,850.00. Following the completion of the sale, the chief technology officer directly owned 135,777 shares of the company’s stock, valued at $13,139,140.29. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Vaidyanathan Raghavan also recently made the following trade(s):

• On Thursday, July 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The stock was sold at an average price of $93.21, for a total transaction of $173,929.86.

Xometry Stock Down 2.2%

Shares of NASDAQ XMTR traded down $2.15 during trading on Friday, hitting $94.11. The stock had a trading volume of 516,886 shares, compared to its average volume of 903,311. The firm has a fifty day moving average of $91.53 and a two-hundred day moving average of $71.13. The company has a market capitalization of $4.88 billion, a PE ratio of -156.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $106.08.

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

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of research analyst reports. Citigroup boosted their target price on Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Wednesday. Wedbush began coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target on the stock. Rosenblatt Securities assumed coverage on Xometry in a research report on Thursday, August 20th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Citizens Jmp boosted their price objective on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.33.

Institutional Trading of Xometry

Several hedge funds have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC raised its holdings in shares of Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after purchasing an additional 451,259 shares during the period. Comerica Bank grew its holdings in Xometry by 2,427.4% during the fourth quarter. Comerica Bank now owns 28,812 shares of the company’s stock valued at $1,713,000 after purchasing an additional 27,672 shares during the period. Quantinno Capital Management LP grew its holdings in Xometry by 759.5% during the first quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock valued at $1,335,000 after purchasing an additional 28,890 shares during the period. Sylebra Capital LLC increased its position in Xometry by 31.3% in 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 last quarter. Finally, Empowered Funds LLC purchased a new stake in Xometry in the first quarter worth $1,150,000. 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.