Insider Selling: Xometry (NASDAQ:XMTR) Director Sells $421,550.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $84.31, for a total transaction of $421,550.00. Following the completion of the transaction, the director owned 15,136 shares of the company’s stock, valued at $1,276,116.16. This trade represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Xometry Price Performance

NASDAQ:XMTR traded up $0.47 during mid-day trading on Friday, hitting $83.59. 399,996 shares of the stock traded hands, compared to its average volume of 911,954. The business’s 50-day moving average price is $91.57 and its 200 day moving average price is $70.20. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.33 billion, a PE ratio of -139.31 and a beta of 1.29. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $106.08.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business had revenue of $229.28 million for the quarter, compared to analysts’ expectations of $215.22 million. During the same period in the prior year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, analysts expect that Xometry, Inc. will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Xometry

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nykredit A S purchased a new position in Xometry in the 2nd quarter worth $103,000. Wellington Management Group LLP grew its stake in shares of Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after buying an additional 280,491 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of Xometry in the second quarter worth about $97,000. PVG Asset Management Corp purchased a new position in shares of Xometry in the first quarter worth about $703,000. Finally, Bank of America Corp DE lifted its stake in shares of Xometry by 23.7% in the 1st quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock valued at $9,614,000 after acquiring an additional 45,158 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Royal Bank Of Canada raised their price target on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Citizens Jmp boosted their price objective on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group upped their price objective on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Wedbush began coverage on shares of Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.78.

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.