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

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the sale, the insider directly owned 94,789 shares of the company’s stock, valued at $9,004,955. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, May 18th, Subir Dutt sold 4,943 shares of Xometry stock. The shares were sold at an average price of $89.20, for a total value of $440,915.60.
• 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.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $95.29 on Friday. 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 fifty day moving average price of $59.27 and a 200 day moving average price of $58.08. Xometry, Inc. has a 1-year low of $29.60 and a 1-year high of $97.63. The company has a market cap of $4.94 billion, a PE ratio of -93.42 and a beta of 1.01.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $188.46 million. During the same period last year, the company earned ($0.05) earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. Sell-side analysts forecast that Xometry, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XMTR shares. William Blair reaffirmed an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Citigroup increased their price target on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a report on Thursday, April 30th. 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. Finally, Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Xometry currently has an average rating of “Hold” and a consensus price target of $76.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its position in Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after acquiring an additional 690,558 shares in the last quarter. First Trust Advisors LP raised its position in Xometry by 9.2% in the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after acquiring an additional 132,792 shares in the last quarter. Baillie Gifford & Co. raised its position in Xometry by 1.6% in the fourth quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock worth $77,677,000 after acquiring an additional 20,901 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Xometry in the fourth quarter worth $76,393,000. Finally, State Street Corp raised its position in Xometry by 1.2% in the fourth quarter. State Street Corp now owns 978,540 shares of the company’s stock worth $58,194,000 after acquiring an additional 11,272 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.