Vaidyanathan Raghavan Sells 3,570 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 3,570 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $66.51, for a total value of $237,440.70. Following the completion of the sale, the chief technology officer owned 38,397 shares in the company, valued at approximately $2,553,784.47. This represents a 8.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Xometry Trading Up 0.1%

NASDAQ XMTR traded up $0.07 on Tuesday, reaching $67.88. 753,530 shares of the company were exchanged, compared to its average volume of 846,809. The stock has a market capitalization of $3.48 billion, a P/E ratio of -54.30 and a beta of 0.86. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. Xometry, Inc. has a fifty-two week low of $18.59 and a fifty-two week high of $69.26. The business’s fifty day moving average price is $59.45 and its 200 day moving average price is $49.39.

Xometry (NASDAQ:XMTR) last issued its earnings results on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $180.72 million during the quarter, compared to the consensus estimate of $168.25 million. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The company’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Analysts forecast that Xometry, Inc. will post -0.66 earnings per share for the current year.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Xometry in the 3rd quarter valued at approximately $467,000. Polar Asset Management Partners Inc. bought a new position in Xometry in the third quarter valued at about $2,623,000. CIBC Bancorp USA Inc. purchased a new position in shares of Xometry during the 3rd quarter valued at about $253,000. Finally, Castleark Management LLC lifted its position in shares of Xometry by 27.6% in the third quarter. Castleark Management LLC now owns 163,948 shares of the company’s stock valued at $8,930,000 after acquiring an additional 35,498 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citizens Jmp raised their target price on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group upped their price target on Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a report on Wednesday, October 8th. Wedbush raised their price target on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Xometry has a consensus rating of “Hold” and an average target price of $57.89.

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.