Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells $223,149.68 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 2,392 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $93.29, for a total value of $223,149.68. Following the completion of the sale, the chief financial officer owned 179,131 shares in the company, valued at approximately $16,711,130.99. This represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $97.06, for a total transaction of $145,590.00.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $96.90, for a total transaction 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 Stock Down 3.9%

XMTR stock opened at $89.51 on Thursday. The firm has a market cap 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 firm’s fifty day moving average is $85.04 and its 200 day moving average is $64.03. Xometry, Inc. has a one year low of $30.63 and a one year high of $99.86.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 target price on shares of Xometry in a research note on Friday, May 8th. Citizens Jmp increased their price objective on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Finally, Citigroup lifted their price target on Xometry from $65.00 to $98.00 and gave the stock 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 given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.00.

Hedge Funds Weigh In On Xometry

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Xometry during the 4th quarter worth approximately $28,000. Quantbot Technologies LP acquired a new position in Xometry in the third quarter valued at approximately $30,000. GAMMA Investing LLC lifted its holdings in Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after acquiring an additional 162 shares during the last quarter. Leonteq Securities AG purchased a new position in Xometry in the fourth quarter worth approximately $59,000. Finally, Comerica Bank increased its stake in Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.