Insider Selling: Xometry (NASDAQ:XMTR) Insider Sells $257,545.95 in Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 3,929 shares of Xometry stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $65.55, for a total transaction of $257,545.95. Following the sale, the insider directly owned 67,419 shares in the company, valued at $4,419,315.45. The trade was a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 19th, Subir Dutt sold 2,075 shares of Xometry stock. The stock was sold at an average price of $60.00, for a total transaction of $124,500.00.

Xometry Stock Performance

Shares of XMTR opened at $62.64 on Friday. The company has a 50-day simple moving average of $60.46 and a two-hundred day simple moving average of $49.86. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.62 and a quick ratio of 3.58. The firm has a market capitalization of $3.21 billion, a PE ratio of -50.11 and a beta of 0.86. Xometry, Inc. has a one year low of $18.59 and a one year high of $69.26.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $180.72 million during the quarter, compared to the consensus estimate of $168.25 million. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XMTR. Ameriprise Financial Inc. increased its holdings in shares of Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the last quarter. Durable Capital Partners LP bought a new stake in Xometry in the third quarter worth $36,455,000. Gilder Gagnon Howe & Co. LLC lifted its position in Xometry by 248.8% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock valued at $29,053,000 after purchasing an additional 613,282 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Xometry in the 2nd quarter valued at about $13,292,000. Finally, First Trust Advisors LP grew its position in Xometry by 42.9% in the second quarter. First Trust Advisors LP now owns 1,279,005 shares of the company’s stock worth $43,218,000 after acquiring an additional 384,211 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of several analyst reports. JMP Securities set a $75.00 target price on Xometry in a report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price target on Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Citizens Jmp upped their price target on shares of Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th. Wedbush raised their price objective on shares of Xometry from $48.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, Cantor Fitzgerald lifted their target price on shares of Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.89.

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.