Xometry (NASDAQ:XMTR) CEO Sells $163,200.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $108.80, for a total transaction of $163,200.00. Following the sale, the chief executive officer directly owned 178,291 shares of the company’s stock, valued at approximately $19,398,060.80. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The shares were sold at an average price of $103.28, for a total transaction of $114,847.36.
• On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $85.23, for a total transaction of $127,845.00.
• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $90.19, for a total value of $135,285.00.

Xometry Stock Performance

Shares of Xometry stock traded down $8.63 during trading on Friday, reaching $90.91. The company’s stock had a trading volume of 1,065,670 shares, compared to its average volume of 900,361. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The business’s fifty day moving average price is $95.49 and its 200-day moving average price is $83.80. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of -151.51 and a beta of 1.23. Xometry, Inc. has a one year low of $35.86 and a one year high of $112.94.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $215.22 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The firm’s revenue was up 41.1% compared to the same quarter last year. As a group, equities research analysts predict that Xometry, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Annex Advisory Services LLC raised its stake in shares of Xometry by 11.5% in the 3rd quarter. Annex Advisory Services LLC now owns 18,793 shares of the company’s stock valued at $1,933,000 after buying an additional 1,941 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Xometry during the 3rd quarter worth about $261,000. GAMMA Investing LLC lifted its holdings in shares of Xometry by 36.5% during the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after acquiring an additional 256 shares during the period. CoreCap Advisors LLC boosted its position in shares of Xometry by 82.5% during the 3rd quarter. CoreCap Advisors LLC now owns 1,825 shares of the company’s stock valued at $188,000 after acquiring an additional 825 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its position in shares of Xometry by 115.1% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock valued at $30,603,000 after acquiring an additional 159,227 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of research reports. BNP Paribas Exane started coverage on shares of Xometry in a report on Friday, September 18th. They issued an “outperform” rating and a $120.00 price target for the company. Citigroup restated a “market outperform” rating on shares of Xometry in a research report on Monday, September 21st. Wedbush began coverage on shares of Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective on the stock. UBS Group upped their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.18.

Xometry Company Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.