Xometry (NASDAQ:XMTR) Insider Subir Dutt Sells 4,943 Shares

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 4,943 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $89.20, for a total value of $440,915.60. Following the completion of the sale, the insider directly owned 97,289 shares of the company’s stock, valued at approximately $8,678,178.80. This trade represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The shares were sold at an average price of $85.00, for a total value of $212,500.00.
• 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 value 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 value of $104,762.70.

Xometry Stock Performance

Shares of XMTR stock opened at $91.79 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The stock has a market cap of $4.76 billion, a PE ratio of -89.99 and a beta of 1.01. The stock has a 50-day moving average of $51.86 and a 200-day moving average of $56.42. Xometry, Inc. has a one year low of $29.60 and a one year high of $93.13.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating 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 company had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. During the same period in the prior year, the business posted ($0.05) EPS. Xometry’s revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts expect that Xometry, Inc. will post -0.27 earnings per share for the current year.

Institutional Investors Weigh In On Xometry

Large investors have recently made changes to their positions in the stock. Peregrine Investment Management Inc. acquired a new stake in shares of Xometry during the third quarter worth $4,358,000. First Trust Advisors LP lifted its holdings in shares of Xometry by 12.8% during the third 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 in the last quarter. Blair William & Co. IL lifted its holdings in shares of Xometry by 22.1% during the third 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Xometry by 246.4% during the third 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 in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Xometry during the third quarter worth $2,623,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XMTR. William Blair reissued an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Royal Bank Of Canada increased their target price on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Citigroup increased their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 target price on shares of Xometry in a research note on Friday, May 8th. Finally, Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Xometry presently has an average rating of “Hold” and an average target price 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.