Xometry (NASDAQ:XMTR) CEO Randolph Altschuler Sells 50,000 Shares

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $87.85, for a total value of $4,392,500.00. Following the sale, the chief executive officer owned 455,248 shares in the company, valued at approximately $39,993,536.80. The trade was a 9.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, February 26th, Randolph Altschuler sold 31,928 shares of Xometry stock. The stock was sold at an average price of $43.44, for a total value of $1,386,952.32.

Xometry Stock Up 2.7%

Shares of NASDAQ:XMTR opened at $89.21 on Friday. The business’s 50 day simple moving average is $53.71 and its two-hundred day simple moving average is $56.92. The firm has a market cap of $4.62 billion, a P/E ratio of -87.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. Xometry, Inc. has a 52-week low of $29.60 and a 52-week high of $93.13.

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, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. As a group, research analysts forecast that Xometry, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on XMTR shares. UBS Group increased their price target on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a report on Thursday, April 30th. Wedbush cut their price target on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Citizens Jmp increased 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. Finally, Citigroup increased their price objective on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Six equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.00.

Institutional Trading of Xometry

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after purchasing an additional 162 shares during the last quarter. Comerica Bank raised its stake in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares during the last quarter. M&T Bank Corp raised its stake in shares of Xometry by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock worth $510,000 after purchasing an additional 180 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Xometry by 2.0% in the third quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock worth $713,000 after purchasing an additional 256 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Xometry by 9.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after purchasing an additional 290 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.