Xometry (NASDAQ:XMTR) CFO Sells $119,535.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.69, for a total value of $119,535.00. Following the completion of the sale, the chief financial officer directly owned 184,523 shares of the company’s stock, valued at approximately $14,704,637.87. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

James Miln also recently made the following trade(s):

• On Thursday, February 26th, James Miln sold 15,103 shares of Xometry stock. The stock was sold at an average price of $43.46, for a total value of $656,376.38.

Xometry Stock Up 2.7%

Shares of XMTR traded up $2.27 during trading hours on Wednesday, reaching $86.19. The company’s stock had a trading volume of 1,216,881 shares, compared to its average volume of 983,439. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of -84.50 and a beta of 1.01. Xometry, Inc. has a 1-year low of $29.60 and a 1-year high of $89.79. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $46.47 and a two-hundred day moving average of $54.80.

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

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently modified their holdings of XMTR. Kemnay Advisory Services Inc. bought a new position in Xometry in the fourth quarter worth $28,000. Quantbot Technologies LP bought a new stake in Xometry in the 3rd quarter valued at $30,000. GAMMA Investing LLC raised its stake in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Xometry during the third quarter worth $47,000. Finally, Leonteq Securities AG acquired a new stake in shares of Xometry in the fourth quarter valued at $59,000. 97.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on XMTR shares. Citizens Jmp boosted their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Royal Bank Of Canada raised their price objective on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Thursday, April 30th. Six investment 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, the stock presently has an average rating of “Hold” and an average target price of $76.00.

Xometry Company Profile

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.