Xometry (NASDAQ:XMTR) Director Randolph Altschuler Sells 10,000 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR – Get Free Report) Director Randolph Altschuler sold 10,000 shares of Xometry stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $108.90, for a total value of $1,089,000.00. Following the completion of the sale, the director owned 531,270 shares of the company’s stock, valued at approximately $57,855,303. The trade was a 1.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Randolph Altschuler also recently made the following trade(s):

  • On Friday, October 2nd, Randolph Altschuler sold 5,721 shares of Xometry stock. The shares were sold at an average price of $103.32, for a total value of $591,093.72.
  • On Thursday, October 1st, Randolph Altschuler sold 10,000 shares of Xometry stock. The shares were sold at an average price of $104.04, for a total transaction of $1,040,400.00.
  • On Tuesday, September 1st, Randolph Altschuler sold 10,000 shares of Xometry stock. The stock was sold at an average price of $90.82, for a total transaction of $908,200.00.

Xometry Trading Up 5.4%

Shares of NASDAQ XMTR opened at $114.95 on Friday. The stock has a fifty day simple moving average of $98.21 and a 200-day simple moving average of $77.22. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $117.94. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.96 billion, a PE ratio of -338.08 and a beta of 1.33.

Xometry (NASDAQ:XMTR – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $252.44 million for the quarter, compared to analyst estimates of $235.54 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. On average, equities analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Odyssean LLC purchased a new position in Xometry in the second quarter valued at $1,464,000. Zevenbergen Capital Investments LLC boosted its stake in shares of Xometry by 115.1% during the third 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 during the last quarter. Quantinno Capital Management LP raised its holdings in Xometry by 759.5% in the first quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock valued at $1,335,000 after buying an additional 28,890 shares during the period. Sylebra Capital LLC increased its stake in shares of Xometry by 31.3% in the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after buying an additional 127,637 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Xometry during the first quarter valued at $1,150,000. Institutional investors own 97.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XMTR shares. The Goldman Sachs Group boosted their price target on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. UBS Group raised their price target on Xometry from $95.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wedbush lifted their price objective on Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday. Rosenblatt Securities upped their target price on shares of Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Raymond James Financial set a $120.00 target price on Xometry in a report on Tuesday, September 22nd. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.64.

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About Xometry

(Get Free Report)

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.

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