Xometry (NASDAQ:XMTR) CFO James Miln Sells 1,500 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $79.69, for a total value of $119,535.00. Following the transaction, the chief financial officer directly owned 184,523 shares of the company’s stock, valued at approximately $14,704,637.87. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, February 26th, James Miln sold 15,103 shares of Xometry stock. The stock was sold at an average price of $43.46, for a total value of $656,376.38.

Xometry Price Performance

Shares of Xometry stock traded up $2.27 during trading on Wednesday, hitting $86.19. The stock had a trading volume of 1,216,881 shares, compared to its average volume of 983,439. The business has a fifty day moving average of $46.47 and a two-hundred day moving average of $54.80. Xometry, Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $89.79. The firm has a market cap of $4.47 billion, a P/E ratio of -84.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The firm had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same period in the previous year, the company earned ($0.05) earnings per share. Xometry’s revenue was up 35.9% compared to the same quarter last year. On average, sell-side analysts expect that Xometry, Inc. will post -0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XMTR. Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Thursday, April 30th. William Blair restated an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. UBS Group upped their price target on Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Citizens Jmp raised their price objective on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Six 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after acquiring an additional 690,558 shares during the period. First Trust Advisors LP boosted its stake in Xometry by 9.2% in the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after purchasing an additional 132,792 shares during the period. Baillie Gifford & Co. grew its position in Xometry by 1.6% during the 4th quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock worth $77,677,000 after purchasing an additional 20,901 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Xometry during the 4th quarter worth approximately $76,393,000. Finally, State Street Corp raised its stake in Xometry by 1.2% during the 4th quarter. State Street Corp now owns 978,540 shares of the company’s stock valued at $58,194,000 after purchasing an additional 11,272 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.