Xometry (NASDAQ:XMTR) CTO Vaidyanathan Raghavan Sells 5,000 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief technology officer owned 128,911 shares of the company’s stock, valued at $15,469,320. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Vaidyanathan Raghavan also recently made the following trade(s):

• On Friday, October 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The shares were sold at an average price of $103.28, for a total value of $192,720.48.
• On Thursday, August 27th, Vaidyanathan Raghavan sold 5,000 shares of Xometry stock. The shares were sold at an average price of $96.77, for a total value of $483,850.00.

Xometry Trading Down 1.4%

NASDAQ XMTR opened at $120.78 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.15 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $100.47 and its two-hundred day simple moving average is $78.39. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $127.49. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of -355.22 and a beta of 1.33.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $252.44 million during the quarter, compared to analysts’ expectations of $235.54 million. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Research analysts forecast that Xometry, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently modified their holdings of XMTR. Allspring Global Investments Holdings LLC boosted its holdings in Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after acquiring an additional 492,285 shares during the period. Wellington Management Group LLP increased its stake in Xometry by 26.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after purchasing an additional 280,491 shares during the period. Zevenbergen Capital Investments LLC increased its stake in Xometry by 115.1% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after purchasing an additional 159,227 shares during the period. Sylebra Capital LLC increased its stake in Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after purchasing an additional 127,637 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Xometry by 86.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company’s stock worth $23,044,000 after purchasing an additional 103,827 shares during the period. Institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

XMTR has been the subject of several research reports. Wedbush upped their target price on Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 4th. BNP Paribas Exane began coverage on shares of Xometry in a research note on Friday, September 18th. They set an “outperform” rating and a $120.00 price target on the stock. Zacks Research upgraded shares of Xometry from a “hold” rating to a “strong-buy” rating in a report on Friday, November 6th. 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 note on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and an average target price of $123.64.

About Xometry

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.