Insider Selling: Xometry (NASDAQ:XMTR) CTO Sells $237,440.70 in Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 3,570 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $66.51, for a total value of $237,440.70. Following the transaction, the chief technology officer owned 38,397 shares in the company, valued at approximately $2,553,784.47. This trade represents a 8.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Xometry Price Performance

XMTR stock opened at $62.64 on Friday. The company’s 50-day moving average price is $60.46 and its two-hundred day moving average price is $49.86. Xometry, Inc. has a 12 month low of $18.59 and a 12 month high of $69.26. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20. The firm has a market cap of $3.21 billion, a P/E ratio of -50.11 and a beta of 0.86.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $180.72 million for the quarter, compared to analyst estimates of $168.25 million. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. On average, analysts anticipate that Xometry, Inc. will post -0.66 earnings per share for the current fiscal year.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC acquired a new position in Xometry during the 4th quarter worth approximately $610,000. GAMMA Investing LLC lifted its holdings in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after purchasing an additional 162 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Xometry during the 3rd quarter valued at $467,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Xometry in the third quarter worth approximately $2,623,000. Finally, CIBC Bancorp USA Inc. bought a new position in Xometry during the 3rd quarter valued at $253,000. 97.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XMTR. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Cantor Fitzgerald lifted their price objective on Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Citizens Jmp raised their price target on shares of Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. The Goldman Sachs Group upped their price objective on shares of Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Wedbush lifted their target price on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Xometry has an average rating of “Hold” and a consensus target price of $57.89.

About Xometry

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.