Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells $145,590.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $97.06, for a total transaction of $145,590.00. Following the transaction, the chief financial officer directly owned 181,523 shares in the company, valued at approximately $17,618,622.38. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $96.90, for a total value of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $79.69, for a total value of $119,535.00.

Xometry Price Performance

Xometry stock opened at $89.51 on Thursday. The firm has a market cap of $4.64 billion, a PE ratio of -87.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The stock’s fifty day moving average price is $85.04 and its two-hundred day moving average price is $64.03. Xometry, Inc. has a one year low of $30.63 and a one year high of $99.86.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. As a group, research analysts expect that Xometry, Inc. will post -0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XMTR has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price objective on shares of Xometry in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Royal Bank Of Canada increased their target price on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Thursday, April 30th. Finally, Citigroup lifted their price target on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $76.00.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new position in Xometry in the 4th quarter valued at approximately $28,000. Quantbot Technologies LP bought a new stake in shares of Xometry in the third quarter worth $30,000. GAMMA Investing LLC increased its holdings in Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the period. Leonteq Securities AG acquired a new stake in Xometry in the fourth quarter valued at $59,000. Finally, CoreCap Advisors LLC bought a new position in Xometry during the 2nd quarter worth $97,000. Institutional investors own 97.31% of the company’s stock.

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.