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

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $108.80, for a total transaction of $163,200.00. Following the transaction, the chief executive officer owned 178,291 shares in the company, valued at approximately $19,398,060.80. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The stock was sold at an average price of $103.28, for a total transaction of $114,847.36.
• On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $85.23, for a total transaction of $127,845.00.
• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $90.19, for a total transaction of $135,285.00.

Xometry Price Performance

Shares of XMTR opened at $99.54 on Friday. The firm has a market cap of $5.16 billion, a PE ratio of -165.90 and a beta of 1.23. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $95.54 and a two-hundred day simple moving average of $83.75. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $112.94.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on XMTR. BNP Paribas Exane initiated coverage on Xometry in a research report on Friday, September 18th. They set an “outperform” rating and a $120.00 price objective for the company. UBS Group raised their target price on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. The Goldman Sachs Group boosted their price target on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial set a $120.00 price target on shares of Xometry in a research report on Tuesday, September 22nd. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Xometry by 36.5% in the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after purchasing an additional 256 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Xometry by 9.7% in the 4th 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 period. Corient Private Wealth LP raised its holdings in Xometry by 1.6% in the 2nd quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock worth $2,239,000 after purchasing an additional 360 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Xometry during the second quarter valued at $36,000. Finally, PNC Financial Services Group Inc. lifted its position in Xometry by 74.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after purchasing an additional 697 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.