Xometry (NASDAQ:XMTR) CEO Sanjeev Singh Sahni Sells 1,500 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $85.23, for a total value of $127,845.00. Following the completion of the sale, the chief executive officer owned 180,903 shares of the company’s stock, valued at approximately $15,418,362.69. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $90.19, for a total value of $135,285.00.

Xometry Price Performance

Shares of Xometry stock opened at $93.15 on Thursday. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $90.75 and its two-hundred day moving average price is $74.48. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $106.08. The stock has a market cap of $4.83 billion, a PE ratio of -155.25 and a beta of 1.32.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. During the same quarter last year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Xometry by 243.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares during the last quarter. Wellington Management Group LLP raised its position in Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after acquiring an additional 280,491 shares in the last quarter. Capital International Investors bought a new stake in Xometry during the fourth quarter worth $11,949,000. BNP Paribas Financial Markets lifted its stake in Xometry by 1,121.8% in the fourth quarter. BNP Paribas Financial Markets now owns 207,682 shares of the company’s stock valued at $12,351,000 after acquiring an additional 190,684 shares during the last quarter. Finally, Sylebra Capital LLC lifted its stake in Xometry by 31.3% in the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after acquiring an additional 127,637 shares during the last quarter. 97.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on XMTR. UBS Group upped their target price on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group upped their price target on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on shares of Xometry in a research note on Monday, August 24th. They set an “overweight” rating and a $120.00 price target on the stock. Cantor Fitzgerald increased their price objective on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Xometry currently has an average rating of “Moderate Buy” and a consensus target price of $108.33.

Xometry Company Profile

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.