Sanjeev Singh Sahni Sells 1,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Singh Sahni sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $90.19, for a total value of $135,285.00. Following the completion of the sale, the chief executive officer directly owned 182,403 shares in the company, valued at $16,450,926.57. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Xometry Stock Performance

Xometry stock opened at $84.59 on Thursday. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.38 billion, a PE ratio of -140.98 and a beta of 1.29. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $106.08. The business’s 50-day moving average price is $91.63 and its two-hundred day moving average price is $70.01.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The firm had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. As a group, analysts expect that Xometry, Inc. will post -0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XMTR. UBS Group increased their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Wedbush assumed coverage on shares of Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target for the company. Royal Bank Of Canada increased their price target on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald raised their price objective on Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Six equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $101.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new position in Xometry in the 4th quarter valued at approximately $28,000. Quantbot Technologies LP bought a new stake in Xometry during the 3rd quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in Xometry during the 4th quarter worth approximately $59,000. Comerica Bank increased its position in Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after acquiring an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Xometry by 74.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after acquiring an additional 697 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.