Insider Selling: Xometry (NASDAQ:XMTR) CEO Sells 1,112 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,112 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $103.28, for a total value of $114,847.36. Following the completion of the sale, the chief executive officer directly owned 179,791 shares of the company’s stock, valued at $18,568,814.48. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $85.23, for a total transaction of $127,845.00.
• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $90.19, for a total transaction of $135,285.00.

Xometry Stock Performance

NASDAQ:XMTR traded down $1.70 during trading hours on Friday, reaching $102.53. 676,463 shares of the company’s stock were exchanged, compared to its average volume of 826,997. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of -170.88 and a beta of 1.23. The company has a 50-day moving average of $92.03 and a 200 day moving average of $79.27. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $107.93.

Xometry (NASDAQ:XMTR) last issued 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 company had revenue of $229.28 million for the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. Research analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Xometry during the second quarter worth $36,000. PNC Financial Services Group Inc. grew its position in shares of Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after purchasing an additional 697 shares during the period. CoreCap Advisors LLC acquired a new position in Xometry in the second quarter valued at $97,000. Nykredit A S acquired a new position in Xometry in the second quarter valued at $103,000. Finally, Rockefeller Capital Management L.P. lifted its position in Xometry by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after buying an additional 290 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XMTR. Cantor Fitzgerald boosted their target price on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. Raymond James Financial set a $120.00 target price on shares of Xometry in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. started coverage on shares of Xometry in a research report on Monday, August 24th. They set an “overweight” rating and a $120.00 price target for the company. Finally, Citigroup reissued a “market outperform” rating on shares of Xometry in a research note on Monday, September 21st. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Xometry has an average rating of “Moderate Buy” and a consensus price target of $113.18.

About Xometry

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.