Xometry (NASDAQ:XMTR) Insider Subir Dutt Sells 2,500 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $85.00, for a total value of $212,500.00. Following the completion of the transaction, the insider directly owned 102,232 shares in the company, valued at $8,689,720. This trade represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Subir Dutt also recently made the following trade(s):

• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The stock was sold at an average price of $79.86, for a total value of $399,300.00.
• On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The shares were sold at an average price of $43.47, for a total value of $104,762.70.

Xometry Stock Performance

Xometry stock opened at $86.19 on Thursday. The firm has a market capitalization of $4.47 billion, a PE ratio of -84.50 and a beta of 1.01. Xometry, Inc. has a one year low of $29.60 and a one year high of $89.79. The stock’s 50 day moving average price is $47.36 and its 200 day moving average price is $55.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. As a group, sell-side analysts expect that Xometry, Inc. will post -0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

XMTR has been the topic of a number of analyst reports. Citigroup lifted their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Wedbush reduced their target price on Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Finally, Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a research report on Thursday, April 30th. Six research 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. Based on data from MarketBeat.com, Xometry has a consensus rating of “Hold” and a consensus target price of $76.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Xometry by 5.0% during the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after purchasing an additional 2,899 shares in the last quarter. AQR Capital Management LLC acquired a new position in Xometry during the 1st quarter valued at about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Xometry by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock worth $649,000 after buying an additional 1,877 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Xometry by 26.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock worth $11,281,000 after buying an additional 95,154 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Xometry by 476.1% in the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after acquiring an additional 197,013 shares during the period. 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.