Xometry (NASDAQ:XMTR) Director Randolph Altschuler Sells 10,000 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $90.82, for a total value of $908,200.00. Following the completion of the transaction, the director directly owned 551,270 shares in the company, valued at approximately $50,066,341.40. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, July 2nd, Randolph Altschuler sold 5,722 shares of Xometry stock. The stock was sold at an average price of $93.30, for a total value of $533,862.60.

Xometry Stock Up 0.9%

Xometry stock opened at $93.04 on Friday. The business’s 50-day simple moving average is $91.59 and its two-hundred day simple moving average is $72.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The company has a market cap of $4.82 billion, a PE ratio of -155.06 and a beta of 1.32. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data 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. The firm had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Equities analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently modified their holdings of XMTR. Stephens Investment Management Group LLC raised its position in Xometry by 115.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after acquiring an additional 451,259 shares during the period. Comerica Bank grew its position in shares of Xometry by 2,427.4% in the fourth quarter. Comerica Bank now owns 28,812 shares of the company’s stock valued at $1,713,000 after purchasing an additional 27,672 shares during the period. Quantinno Capital Management LP increased its stake in shares of Xometry by 759.5% during the first quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock worth $1,335,000 after purchasing an additional 28,890 shares in the last quarter. Sylebra Capital LLC increased its stake in shares of Xometry by 31.3% during the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after purchasing an additional 127,637 shares in the last quarter. Finally, Polen Capital Management LLC raised its position in shares of Xometry by 169.3% during the 4th quarter. Polen Capital Management LLC now owns 22,321 shares of the company’s stock worth $1,327,000 after purchasing an additional 14,031 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XMTR has been the subject of several research reports. Wedbush assumed coverage on shares of Xometry in a research note on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective for the company. UBS Group increased their price objective on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Royal Bank Of Canada boosted their target price on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald upped their price target on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $108.33.

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.