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 stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $108.80, for a total transaction of $163,200.00. Following the transaction, the chief executive officer directly owned 178,291 shares of the company’s stock, valued at approximately $19,398,060.80. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The shares were sold at an average price of $103.28, for a total transaction of $114,847.36.
• On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $85.23, for a total transaction of $127,845.00.
• 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 transaction of $135,285.00.

Xometry Trading Down 11.8%

Xometry stock traded down $12.75 during trading on Wednesday, hitting $95.15. The company had a trading volume of 1,169,520 shares, compared to its average volume of 884,572. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of -158.58 and a beta of 1.23. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $112.94. The company’s 50 day simple moving average is $95.23 and its 200-day simple moving average is $82.93.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XMTR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. The Goldman Sachs Group boosted their price objective on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Raymond James Financial set a $120.00 target price on shares of Xometry in a research note on Tuesday, September 22nd. Cantor Fitzgerald raised their target price on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. began coverage on shares of Xometry in a research note on Monday, August 24th. They issued an “overweight” rating and a $120.00 price target for the company. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $113.18.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XMTR. GAMMA Investing LLC lifted its holdings in shares of Xometry by 36.5% in the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock valued at $99,000 after purchasing an additional 256 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Xometry by 82.5% in the 3rd quarter. CoreCap Advisors LLC now owns 1,825 shares of the company’s stock valued at $188,000 after purchasing an additional 825 shares during the period. Zevenbergen Capital Investments LLC boosted its position in shares of Xometry by 115.1% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock valued at $30,603,000 after purchasing an additional 159,227 shares during the period. MRA Advisory Group acquired a new stake in shares of Xometry in the 3rd quarter valued at about $681,000. Finally, Tidal Investments LLC purchased a new position in Xometry during the 2nd quarter worth approximately $247,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Company Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.