Xometry, Inc. (NASDAQ:XMTR) COO Sells $354,600.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $29.55, for a total transaction of $354,600.00. Following the completion of the transaction, the chief operating officer now directly owns 180,419 shares in the company, valued at approximately $5,331,381.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Peter Goguen also recently made the following trade(s):

• On Monday, November 11th, Peter Goguen sold 5,000 shares of Xometry stock. The shares were sold at an average price of $32.00, for a total value of $160,000.00.
• On Thursday, October 3rd, Peter Goguen sold 940 shares of Xometry stock. The shares were sold at an average price of $17.22, for a total value of $16,186.80.

Xometry Stock Down 1.2 %

Shares of NASDAQ:XMTR opened at $30.95 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $38.74. The company’s fifty day simple moving average is $20.28 and its 200 day simple moving average is $17.04.

Wall Street Analysts Forecast Growth

XMTR has been the subject of several analyst reports. Craig Hallum boosted their target price on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup upped their target price on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group increased their target price on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price target on shares of Xometry in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.29.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after buying an additional 1,169,778 shares in the last quarter. Sylebra Capital LLC grew its stake in shares of Xometry by 134.2% during the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after acquiring an additional 864,454 shares in the last quarter. Bellecapital International Ltd. acquired a new stake in shares of Xometry in the second quarter valued at approximately $6,281,000. Clearbridge Investments LLC lifted its position in shares of Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after purchasing an additional 217,939 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Xometry during the second quarter worth $2,013,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.