Katharine Weymouth Sells 5,000 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth sold 5,000 shares of Xometry stock in a transaction on Friday, August 28th. The shares were sold at an average price of $94.30, for a total value of $471,500.00. Following the completion of the transaction, the director owned 35,345 shares in the company, valued at $3,333,033.50. The trade was a 12.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Katharine Weymouth also recently made the following trade(s):

• On Monday, August 31st, Katharine Weymouth sold 5,000 shares of Xometry stock. The stock was sold at an average price of $95.23, for a total value of $476,150.00.

Xometry Stock Performance

Shares of NASDAQ:XMTR opened at $91.15 on Wednesday. The business has a 50-day moving average of $91.56 and a two-hundred day moving average of $71.65. The firm has a market capitalization of $4.72 billion, a PE ratio of -151.91 and a beta of 1.32. 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 data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. During the same period in the previous year, the company posted $0.09 EPS. The company’s revenue was up 41.1% compared to the same quarter last year. As a group, research analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XMTR. Rosenblatt Securities started coverage on shares of Xometry in a research report on Thursday, August 20th. They set a “buy” rating and a $110.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. UBS Group raised their target price on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Citizens Jmp lifted their target price on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Finally, Wedbush initiated coverage on shares of Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and a consensus target price of $108.33.

Hedge Funds Weigh In On Xometry

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System grew its position in Xometry by 9,368.5% in the second quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock valued at $473,128,000 after acquiring an additional 4,850,095 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Xometry by 54.2% during the third 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 in the last quarter. First Trust Advisors LP lifted its position in shares of Xometry by 9.2% during the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after purchasing an additional 132,792 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Xometry by 26.9% in the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after purchasing an additional 280,491 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xometry in the fourth quarter valued at $76,393,000. Hedge funds and other 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.