Subir Dutt Sells 2,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $70.00, for a total transaction of $175,000.00. Following the transaction, the insider owned 64,919 shares in the company, valued at approximately $4,544,330. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Subir Dutt also recently made the following trade(s):

• On Monday, January 5th, Subir Dutt sold 3,929 shares of Xometry stock. The stock was sold at an average price of $65.55, for a total transaction of $257,545.95.
• On Wednesday, November 19th, Subir Dutt sold 2,075 shares of Xometry stock. The shares were sold at an average price of $60.00, for a total transaction of $124,500.00.

Xometry Trading Down 7.3%

XMTR traded down $4.98 during trading on Wednesday, reaching $63.61. 931,990 shares of the company’s stock were exchanged, compared to its average volume of 807,056. The company’s fifty day moving average price is $62.38 and its 200-day moving average price is $54.83. The firm has a market capitalization of $3.26 billion, a PE ratio of -50.89 and a beta of 0.86. Xometry, Inc. has a fifty-two week low of $18.59 and a fifty-two week high of $73.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62.

Analyst Ratings Changes

XMTR has been the subject of several analyst reports. Zacks Research lowered Xometry from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. The Goldman Sachs Group upped their target price 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. JMP Securities set a $75.00 price target on shares of Xometry in a research report on Wednesday, November 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.89.

Hedge Funds Weigh In On Xometry

A number of large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in shares of Xometry by 2.1% during the fourth quarter. Deutsche Bank AG now owns 35,471 shares of the company’s stock worth $2,109,000 after buying an additional 724 shares during the period. Capital International Investors bought a new stake in Xometry in the 4th quarter valued at approximately $11,949,000. Los Angeles Capital Management LLC boosted its position in Xometry by 33.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 18,039 shares of the company’s stock worth $1,073,000 after acquiring an additional 4,514 shares during the last quarter. OneAscent Financial Services LLC bought a new position in shares of Xometry during the 4th quarter worth approximately $254,000. Finally, TD Asset Management Inc acquired a new stake in shares of Xometry in the fourth quarter valued at approximately $544,000. Institutional investors own 97.31% of the company’s stock.

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.