Sanjeev Singh Sahni Sells 1,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $85.23, for a total transaction of $127,845.00. Following the transaction, the chief executive officer directly owned 180,903 shares of the company’s stock, valued at $15,418,362.69. This represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $90.19, for a total transaction of $135,285.00.

Xometry Stock Up 6.4%

Shares of XMTR traded up $5.57 during mid-day trading on Wednesday, reaching $93.15. The company had a trading volume of 957,098 shares, compared to its average volume of 882,986. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of -155.25 and a beta of 1.32. The firm has a 50-day moving average price of $90.68 and a 200 day moving average price of $74.15. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $106.08.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $229.28 million during 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 firm’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. On average, sell-side analysts forecast that Xometry, Inc. will post -0.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XMTR. Royal Bank Of Canada lifted their target price on shares of Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on shares of Xometry in a research report on Monday, August 24th. They set an “overweight” rating and a $120.00 price target for the company. UBS Group boosted their price objective on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wedbush began coverage on Xometry in a research report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective on the stock. Finally, Rosenblatt Securities initiated coverage on Xometry in a research note on Thursday, August 20th. They set a “buy” rating and a $110.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.33.

Institutional Trading of Xometry

A number of institutional investors have recently made changes to their positions in XMTR. Wellington Management Group LLP raised its holdings in shares of Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after purchasing an additional 280,491 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after purchasing an additional 492,285 shares during the last quarter. Sylebra Capital LLC grew its position in Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after purchasing an additional 127,637 shares during the period. Sei Investments Co. raised its stake in Xometry by 45.6% during the 1st quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock valued at $11,216,000 after buying an additional 85,989 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Xometry by 23.7% during the 1st quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock valued at $9,614,000 after buying an additional 45,158 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.