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

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of Xometry stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $85.00, for a total transaction of $212,500.00. Following the transaction, the insider owned 102,232 shares in the company, valued at approximately $8,689,720. This trade represents a 2.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The shares were sold at an average price of $79.86, for a total transaction of $399,300.00.
• On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The shares were sold at an average price of $43.47, for a total transaction of $104,762.70.

Xometry Stock Performance

Shares of NASDAQ XMTR opened at $89.98 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The company has a market cap of $4.66 billion, a P/E ratio of -88.22 and a beta of 1.01. The firm’s fifty day moving average is $48.33 and its two-hundred day moving average is $55.34. Xometry, Inc. has a 52-week low of $29.60 and a 52-week high of $89.98.

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

Institutional Trading of Xometry

Large investors have recently made changes to their positions in the business. Peregrine Investment Management Inc. bought a new stake in shares of Xometry in the 3rd quarter worth about $4,358,000. First Trust Advisors LP increased its holdings in shares of Xometry by 12.8% in the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock worth $78,616,000 after buying an additional 164,278 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Xometry by 22.1% in the 3rd quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock worth $17,679,000 after buying an additional 58,707 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Xometry by 246.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 132,038 shares of the company’s stock worth $7,192,000 after buying an additional 93,917 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Xometry in the 3rd quarter worth about $2,623,000. 97.31% of the stock is currently owned by institutional investors.

Key Headlines Impacting Xometry

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Citigroup raised its price target on Xometry to $98 from $65 and kept a buy rating, reinforcing the view that the stock still has upside after its recent run. Xometry (NASDAQ:XMTR) Price Target Raised to $98.00 at Citigroup
• Positive Sentiment: The company said it is streamlining data center supply chain sourcing on a single platform for critical infrastructure components, which could expand business with a high-growth end market. Xometry Streamlines Data Center Supply Chain, Offering Single-Platform Sourcing for Critical Infrastructure Components
• Neutral Sentiment: An analyst note highlighted that Xometry set a new 52-week high after the upgrade, reflecting strong momentum following recent earnings and guidance momentum. Xometry (NASDAQ:XMTR) Sets New 52-Week High After Analyst Upgrade
• Neutral Sentiment: Insider selling by CFO James Miln and executive Subir Dutt may temper enthusiasm, but the sales were relatively small versus their remaining holdings. Xometry (NASDAQ:XMTR) CFO Sells $119,535.00 in Stock
• Neutral Sentiment: Recent coverage also pointed to accelerating growth after Q1 earnings, which helps explain why investors have been bidding up Xometry despite a still-premium valuation. Xometry Stock Growth Further Accelerates Despite Tough Comps

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XMTR. Royal Bank Of Canada lifted their price target on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Citigroup lifted their price target on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. Wedbush reduced their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Citizens Jmp lifted their price target on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Xometry has a consensus rating of “Hold” and an average price target of $76.00.

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.