Katharine Weymouth Sells 5,000 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth sold 5,000 shares of Xometry stock in a transaction on Monday, August 31st. The shares were sold at an average price of $95.23, for a total transaction of $476,150.00. Following the completion of the transaction, the director owned 35,345 shares in the company, valued at approximately $3,365,904.35. This represents a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Katharine Weymouth also recently made the following trade(s):

• On Friday, August 28th, Katharine Weymouth sold 5,000 shares of Xometry stock. The shares were sold at an average price of $94.30, for a total transaction of $471,500.00.

Xometry Price Performance

Shares of XMTR opened at $91.15 on Wednesday. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of -151.91 and a beta of 1.32. The firm has a 50-day simple moving average of $91.56 and a 200-day simple moving average of $71.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The business’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. On average, equities research analysts anticipate that Xometry, Inc. will post -0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citizens Jmp boosted their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group upped their price objective on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. UBS Group raised their target price on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald lifted their target price on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.33.

Institutional Trading of Xometry

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its holdings in Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after buying an additional 173 shares in the last quarter. M&T Bank Corp lifted its position in shares of Xometry by 2.1% during the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after acquiring an additional 180 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Xometry by 9.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after acquiring an additional 290 shares in the last quarter. Mariner LLC boosted its stake in shares of Xometry by 3.2% during the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after acquiring an additional 301 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Xometry by 0.5% in the 4th quarter. New York State Common Retirement Fund now owns 74,565 shares of the company’s stock worth $4,434,000 after acquiring an additional 348 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.