James Miln Sells 2,392 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 2,392 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68. Following the completion of the sale, the chief financial officer directly owned 179,131 shares of the company’s stock, valued at $16,711,130.99. This represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Miln also recently made the following trade(s):

• On Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $97.06, for a total transaction of $145,590.00.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $96.90, for a total value of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $79.69, for a total transaction of $119,535.00.

Xometry Trading Up 2.6%

Shares of XMTR stock traded up $2.42 on Monday, hitting $94.24. The stock had a trading volume of 741,635 shares, compared to its average volume of 957,795. The firm has a market capitalization of $4.88 billion, a P/E ratio of -92.39 and a beta of 1.27. Xometry, Inc. has a 1 year low of $30.63 and a 1 year high of $99.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The company’s 50 day moving average price is $82.35 and its 200-day moving average price is $63.34.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Analysts anticipate that Xometry, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup boosted their target price on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Citizens Jmp raised their price target on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Six 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $76.00.

Institutional Investors Weigh In On Xometry

Several hedge funds and other institutional investors have recently modified their holdings of XMTR. Kemnay Advisory Services Inc. bought a new stake in shares of Xometry during the 4th quarter valued at about $28,000. Quantbot Technologies LP bought a new stake in Xometry in the 3rd quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the period. Leonteq Securities AG acquired a new stake in shares of Xometry in the fourth quarter valued at approximately $59,000. Finally, Comerica Bank boosted its position in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares during the period. 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.