Insider Selling: Xometry (NASDAQ:XMTR) Director Sells 5,000 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth sold 5,000 shares of Xometry stock in a transaction on Monday, August 31st. The shares were sold at an average price of $95.23, for a total transaction of $476,150.00. Following the completion of the sale, the director directly owned 35,345 shares in the company, valued at $3,365,904.35. This represents a 12.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Katharine Weymouth also recently made the following trade(s):

• On Friday, August 28th, Katharine Weymouth sold 5,000 shares of Xometry stock. The stock was sold at an average price of $94.30, for a total transaction of $471,500.00.

Xometry Price Performance

NASDAQ:XMTR traded down $1.42 during trading hours on Monday, reaching $92.69. 530,364 shares of the company were exchanged, compared to its average volume of 901,057. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.80 billion, a PE ratio of -154.48 and a beta of 1.29. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $106.08. The stock’s 50-day moving average is $91.55 and its 200-day moving average is $71.28.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $229.28 million for 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 revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. On average, sell-side analysts anticipate that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Xometry

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

Analyst Ratings Changes

Several equities research analysts have commented on XMTR shares. UBS Group boosted their price objective on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group raised their target price on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Rosenblatt Securities initiated coverage on Xometry in a research note on Thursday, August 20th. They issued a “buy” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. started coverage on Xometry in a research report on Monday, August 24th. They set an “overweight” rating and a $120.00 price target for the company. Finally, Wedbush started coverage on Xometry in a research note on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Xometry currently has a consensus rating of “Moderate Buy” and an average 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.