Subir Dutt Sells 2,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $70.00, for a total value of $175,000.00. Following the completion of the transaction, the insider directly owned 64,919 shares of the company’s stock, valued at approximately $4,544,330. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Subir Dutt also recently made the following trade(s):

• On Monday, January 5th, Subir Dutt sold 3,929 shares of Xometry stock. The shares were sold at an average price of $65.55, for a total transaction of $257,545.95.
• On Wednesday, November 19th, Subir Dutt sold 2,075 shares of Xometry stock. The shares were sold at an average price of $60.00, for a total transaction of $124,500.00.

Xometry Price Performance

Shares of Xometry stock opened at $54.13 on Friday. The firm has a market cap of $2.77 billion, a PE ratio of -43.30 and a beta of 0.86. Xometry, Inc. has a twelve month low of $18.59 and a twelve month high of $73.87. The business has a 50-day moving average price of $62.44 and a 200 day moving average price of $54.89. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XMTR shares. Citigroup reissued an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted their target price on Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Zacks Research lowered Xometry from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Cantor Fitzgerald increased their target price on shares of Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, Citizens Jmp lifted their price objective on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $57.89.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new position in Xometry during the fourth quarter worth approximately $76,393,000. Ameriprise Financial Inc. lifted its holdings in shares of Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after buying an additional 690,558 shares during the period. Durable Capital Partners LP purchased a new stake in shares of Xometry during the 3rd quarter worth $36,455,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in Xometry by 248.8% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock worth $29,053,000 after buying an additional 613,282 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after acquiring an additional 451,259 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.