Xometry (NASDAQ:XMTR) CTO Vaidyanathan Raghavan Sells 5,000 Shares

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $96.77, for a total transaction of $483,850.00. Following the transaction, the chief technology officer directly owned 135,777 shares of the company’s stock, valued at $13,139,140.29. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Vaidyanathan Raghavan also recently made the following trade(s):

• On Thursday, July 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The stock was sold at an average price of $93.21, for a total transaction of $173,929.86.

Xometry Trading Down 2.2%

NASDAQ:XMTR opened at $94.11 on Friday. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $106.08. The company has a market cap of $4.88 billion, a PE ratio of -156.85 and a beta of 1.29. The company has a 50 day simple moving average of $91.55 and a two-hundred day simple moving average of $71.29.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. Research analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On Xometry

A number of institutional investors have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. purchased a new position in Xometry during the fourth quarter valued at $28,000. Quantbot Technologies LP purchased a new stake in Xometry in the third quarter worth about $30,000. Leonteq Securities AG bought a new position in shares of Xometry in the fourth quarter worth about $59,000. Comerica Bank raised its stake in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after buying an additional 697 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wedbush began coverage on Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. Citizens Jmp boosted their price target on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. UBS Group upped their price target on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of Xometry in a research note on Monday, August 24th. They issued an “overweight” rating and a $120.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.33.

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.