Xometry (NASDAQ:XMTR) CTO Vaidyanathan Raghavan Sells 5,000 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 5,000 shares of Xometry stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief technology officer directly owned 128,911 shares in the company, valued at $15,469,320. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vaidyanathan Raghavan also recently made the following trade(s):

• On Friday, October 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The stock was sold at an average price of $103.28, for a total transaction of $192,720.48.
• On Thursday, August 27th, Vaidyanathan Raghavan sold 5,000 shares of Xometry stock. The shares were sold at an average price of $96.77, for a total transaction of $483,850.00.

Xometry Stock Performance

Shares of NASDAQ:XMTR traded down $1.69 on Thursday, reaching $120.78. The company’s stock had a trading volume of 662,191 shares, compared to its average volume of 887,133. The stock’s 50-day moving average is $99.90 and its two-hundred day moving average is $78.11. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $127.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.15 and a quick ratio of 3.13. The stock has a market capitalization of $6.26 billion, a P/E ratio of -355.22 and a beta of 1.33.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $252.44 million for the quarter, compared to analyst estimates of $235.54 million. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. The business’s revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. As a group, sell-side analysts forecast that Xometry, Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XMTR. Wedbush lifted their price objective on Xometry from $126.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Citizens Jmp boosted their price objective on shares of Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 4th. The Goldman Sachs Group upped their target price on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Rosenblatt Securities upped their target price on shares of Xometry from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Finally, Royal Bank Of Canada increased their target price on shares of Xometry from $100.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.64.

Institutional Trading of Xometry

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Xometry during the 2nd quarter worth $36,000. IFP Advisors Inc increased its holdings in Xometry by 687.5% during the 3rd quarter. IFP Advisors Inc now owns 441 shares of the company’s stock valued at $45,000 after acquiring an additional 385 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Xometry during the 3rd quarter valued at about $59,000. GAMMA Investing LLC raised its position in Xometry by 36.5% during the third quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after acquiring an additional 256 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new position in Xometry during the second quarter worth about $97,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.