Insider Selling: Xometry (NASDAQ:XMTR) Director Sells $533,862.60 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 5,722 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.30, for a total value of $533,862.60. Following the completion of the transaction, the director owned 428,750 shares in the company, valued at $40,002,375. This represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, May 21st, Randolph Altschuler sold 50,000 shares of Xometry stock. The stock was sold at an average price of $87.85, for a total transaction of $4,392,500.00.

Xometry Stock Performance

Shares of XMTR opened at $89.51 on Thursday. The company has a market capitalization of $4.64 billion, a PE ratio of -87.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The company’s 50 day moving average price is $85.04 and its 200 day moving average price is $64.03. Xometry, Inc. has a 52 week low of $30.63 and a 52 week high of $99.86.

Xometry (NASDAQ:XMTR) last released its 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 company had revenue of $205.14 million during 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 company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. Research analysts expect that Xometry, Inc. will post -0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XMTR. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Thursday, April 30th. 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 report on Friday, May 8th. Royal Bank Of Canada raised their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Finally, Citigroup boosted their price target on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Six 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. bought a new stake in Xometry in the fourth quarter worth $76,393,000. Ameriprise Financial Inc. raised its holdings in Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after buying an additional 690,558 shares in the last quarter. Durable Capital Partners LP acquired a new stake in shares of Xometry in the third quarter worth about $36,455,000. Allspring Global Investments Holdings LLC lifted its position in shares of Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after buying an additional 492,285 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Xometry by 115.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after acquiring an additional 451,259 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

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.