Xometry (NASDAQ:XMTR) CFO James Miln Sells 1,500 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $87.92, for a total transaction of $131,880.00. Following the sale, the chief financial officer directly owned 177,631 shares in the company, valued at $15,617,317.52. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The stock was sold at an average price of $93.29, for a total transaction of $223,149.68.
• On Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $97.06, for a total transaction of $145,590.00.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $96.90, for a total transaction of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $79.69, for a total value of $119,535.00.

Xometry Price Performance

Shares of Xometry stock opened at $93.14 on Friday. The firm has a market cap of $4.83 billion, a PE ratio of -155.23 and a beta of 1.29. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $106.08. The company has a quick ratio of 1.76, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $90.54 and a 200 day moving average price of $68.38.

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, topping analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company had revenue of $229.28 million for the quarter, compared to the consensus estimate of $215.22 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Xometry’s revenue for the quarter was up 41.1% on a year-over-year basis. Sell-side analysts predict that Xometry, Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Xometry

Institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Xometry in the 4th quarter valued at about $76,393,000. Ameriprise Financial Inc. boosted its holdings in shares of Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the last quarter. Durable Capital Partners LP purchased a new stake in shares of Xometry in the third quarter valued at approximately $36,455,000. Allspring Global Investments Holdings LLC grew its position in shares of Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Xometry by 115.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock valued at $50,132,000 after purchasing an additional 451,259 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on XMTR shares. The Goldman Sachs Group increased their target price on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank Of Canada upped their price objective on shares of Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Wednesday. UBS Group increased their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday. Cantor Fitzgerald lifted their target price on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Citigroup lifted their target price on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $101.88.

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.