James Miln Sells 1,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $97.06, for a total value of $145,590.00. Following the sale, the chief financial officer directly owned 181,523 shares in the company, valued at approximately $17,618,622.38. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Miln also recently made the following trade(s):

• On Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The shares were sold at an average price of $93.29, for a total value of $223,149.68.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $96.90, for a total value of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $79.69, for a total transaction of $119,535.00.

Xometry Price Performance

NASDAQ:XMTR opened at $93.10 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of -91.27 and a beta of 1.27. The company has a 50 day moving average price of $84.21 and a 200-day moving average price of $63.81. Xometry, Inc. has a 1-year low of $30.63 and a 1-year high of $99.86.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. Equities research analysts forecast that Xometry, Inc. will post -0.06 EPS for the current year.

Key Stories Impacting Xometry

Here are the key news stories impacting Xometry this week:

• Neutral Sentiment: CFO James Miln sold shares in two transactions and disclosed that the sales were made to cover tax withholding obligations tied to vesting equity awards, which limits the negative signal investors may take from the activity. SEC filing for James Miln sale
• Neutral Sentiment: Insider Subir Dutt also sold shares for the same tax-withholding reason, and the filing notes the transaction reduced his position only modestly. SEC filing for Subir Dutt sale
• Neutral Sentiment: The company’s recent fundamentals remain supportive: Xometry reported better-than-expected quarterly EPS and revenue growth of 35.9% year over year in its last earnings release, which may help offset concern about insider selling.

Institutional Investors Weigh In On Xometry

Institutional investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new stake in Xometry during the 4th quarter worth approximately $28,000. Quantbot Technologies LP purchased a new position in shares of Xometry in the third quarter valued at approximately $30,000. GAMMA Investing LLC boosted its stake in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after acquiring an additional 162 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Xometry in the fourth quarter worth approximately $59,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of Xometry during the second quarter worth approximately $97,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Citizens Jmp upped their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $78.00 target price on shares of Xometry in a research report on Friday, May 8th. Citigroup lifted their price target on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. 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 report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $76.00.

Xometry Company Profile

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.