Xometry (NASDAQ:XMTR) Stock: Insider Vaidyanathan Raghavan Sells 1,866 Shares

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 1,866 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $103.28, for a total transaction of $192,720.48. Following the sale, the chief technology officer owned 133,911 shares of the company’s stock, valued at $13,830,328.08. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 Trading Down 1.6%

Shares of XMTR stock traded down $1.70 during mid-day trading on Friday, reaching $102.53. The stock had a trading volume of 676,463 shares, compared to its average volume of 826,997. The firm has a market capitalization of $5.31 billion, a PE ratio of -170.88 and a beta of 1.23. The stock’s 50-day moving average price is $92.03 and its two-hundred day moving average price is $79.27. 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 52-week low of $35.86 and a 52-week high of $107.93.

Xometry (NASDAQ:XMTR) last posted its 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. The company had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Equities analysts expect that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on XMTR. The Goldman Sachs Group increased their price objective on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wedbush started coverage on Xometry in a research note on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price on the stock. Citigroup restated a “market outperform” rating on shares of Xometry in a report on Monday, September 21st. Raymond James Financial set a $120.00 price target on Xometry in a research note on Tuesday, September 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Xometry has an average rating of “Moderate Buy” and a consensus price target of $113.18.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XMTR. Wellington Management Group LLP grew its stake in Xometry by 26.9% in the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after purchasing an additional 280,491 shares during the period. Allspring Global Investments Holdings LLC lifted 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 buying an additional 492,285 shares during the period. Sylebra Capital LLC boosted its holdings in shares of Xometry by 31.3% during the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after buying an additional 127,637 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Xometry by 1,121.8% during the 4th quarter. BNP Paribas Financial Markets now owns 207,682 shares of the company’s stock valued at $12,351,000 after buying an additional 190,684 shares in the last quarter. Finally, Capital International Investors purchased a new stake in shares of Xometry in the 4th quarter worth about $11,949,000. Institutional investors own 97.31% of the company’s stock.

About Xometry

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.