Xometry (NASDAQ:XMTR) CFO Sells $145,350.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of Xometry stock in a transaction on Monday, June 1st. The stock was sold at an average price of $96.90, for a total transaction of $145,350.00. Following the completion of the transaction, the chief financial officer owned 183,023 shares in the company, valued at $17,734,928.70. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 Down 2.5%

Shares of NASDAQ:XMTR opened at $80.66 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The stock’s 50-day moving average is $63.72 and its 200-day moving average is $58.84. The company has a market cap of $4.18 billion, a P/E ratio of -79.08 and a beta of 1.27. Xometry, Inc. has a 52-week low of $29.60 and a 52-week high of $99.86.

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 the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The firm’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. Equities research analysts predict that Xometry, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th. William Blair reiterated an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. UBS Group increased their price target on shares of Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Wedbush cut their price objective on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $76.00.

Institutional Trading of Xometry

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its position in Xometry by 23.7% in the first quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock worth $9,614,000 after purchasing an additional 45,158 shares during the period. Sylebra Capital LLC increased its holdings in Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after buying an additional 127,637 shares during the period. California State Teachers Retirement System raised its stake in shares of Xometry by 21.8% in the 1st quarter. California State Teachers Retirement System now owns 51,770 shares of the company’s stock valued at $2,114,000 after buying an additional 9,283 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Xometry in the 1st quarter valued at $1,150,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of Xometry by 759.5% during the 1st quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock worth $1,335,000 after acquiring an additional 28,890 shares during the period. 97.31% of the stock is currently owned by institutional investors.

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.