Xometry (NASDAQ:XMTR) Insider Sells $212,500.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $85.00, for a total value of $212,500.00. Following the completion of the sale, the insider directly owned 102,232 shares in the company, valued at approximately $8,689,720. The trade was a 2.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The shares were sold at an average price of $79.86, for a total value of $399,300.00.
• On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The shares were sold at an average price of $43.47, for a total value of $104,762.70.

Xometry Price Performance

XMTR stock opened at $86.12 on Friday. Xometry, Inc. has a 1 year low of $29.60 and a 1 year high of $89.98. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The stock’s 50 day moving average price is $49.16 and its 200 day moving average price is $55.55. The firm has a market cap of $4.46 billion, a P/E ratio of -84.43 and a beta of 1.01.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The firm had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same quarter in the prior year, the company earned ($0.05) EPS. Xometry’s revenue was up 35.9% on a year-over-year basis. On average, sell-side analysts expect that Xometry, Inc. will post -0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, January 21st. William Blair reissued an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Thursday, April 30th. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada increased their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $76.00.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Inceptionr LLC acquired a new stake in shares of Xometry during the 1st quarter worth $301,000. Sei Investments Co. increased its holdings in shares of Xometry by 45.6% during the 1st quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock worth $11,216,000 after buying an additional 85,989 shares during the last quarter. State of Wyoming increased its holdings in shares of Xometry by 28.2% during the 1st quarter. State of Wyoming now owns 6,605 shares of the company’s stock worth $270,000 after buying an additional 1,452 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after buying an additional 697 shares during the last quarter. Finally, Titan Global Capital Management USA LLC acquired a new stake in shares of Xometry during the 1st quarter worth $1,312,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.