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

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Singh Sahni sold 1,500 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $90.19, for a total transaction of $135,285.00. Following the sale, the chief executive officer owned 182,403 shares of the company’s stock, valued at approximately $16,450,926.57. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Xometry Price Performance

XMTR stock opened at $85.95 on Wednesday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -143.25 and a beta of 1.30. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $106.08. The company’s fifty day simple moving average is $91.59 and its 200 day simple moving average is $69.85.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The firm had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same period last year, the business posted $0.09 EPS. The business’s revenue was up 41.1% compared to the same quarter last year. On average, analysts expect that Xometry, Inc. will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Stephens Investment Management Group LLC increased its holdings in Xometry by 115.2% in 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 during the last quarter. Comerica Bank lifted its holdings in Xometry by 2,427.4% during the fourth quarter. Comerica Bank now owns 28,812 shares of the company’s stock valued at $1,713,000 after purchasing an additional 27,672 shares during the last quarter. Peregrine Investment Management Inc. boosted its position in Xometry by 98.9% during the first quarter. Peregrine Investment Management Inc. now owns 215,100 shares of the company’s stock worth $8,785,000 after purchasing an additional 106,970 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Xometry by 18.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,604 shares of the company’s stock worth $9,313,000 after purchasing an additional 24,566 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of Xometry by 759.5% in the first quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock worth $1,335,000 after purchasing an additional 28,890 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analyst Ratings Changes

XMTR has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. UBS Group increased their price target on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Citigroup raised their price objective on shares of Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Finally, Cantor Fitzgerald boosted their target price on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $101.88.

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.