Insider Selling: Xometry (NASDAQ:XMTR) President Sells $295,970.22 in Stock

Xometry, Inc. (NASDAQ:XMTR) President Sanjeev Singh Sahni sold 4,446 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $66.57, for a total value of $295,970.22. Following the sale, the president owned 89,320 shares of the company’s stock, valued at $5,946,032.40. This trade represents a 4.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $62.64 on Friday. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The stock has a market cap of $3.21 billion, a PE ratio of -50.11 and a beta of 0.86. The stock’s fifty day simple moving average is $60.46 and its two-hundred day simple moving average is $49.86. Xometry, Inc. has a 1-year low of $18.59 and a 1-year high of $69.26.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citizens Jmp increased their price target on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. JMP Securities set a $75.00 target price on Xometry in a research report on Wednesday, November 5th. Cantor Fitzgerald boosted their price target on shares of Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Wedbush lifted their price objective on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Five 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.89.

Hedge Funds Weigh In On Xometry

Several hedge funds have recently made changes to their positions in XMTR. GAMMA Investing LLC boosted its stake in Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after purchasing an additional 162 shares during the period. Comerica Bank lifted its holdings in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Xometry by 2.0% in the third quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock valued at $713,000 after acquiring an additional 256 shares during the period. Mariner LLC boosted its position in shares of Xometry by 3.2% in the third quarter. Mariner LLC now owns 9,844 shares of the company’s stock valued at $536,000 after acquiring an additional 301 shares during the period. Finally, Corebridge Financial Inc. grew its stake in Xometry by 1.6% during the first quarter. Corebridge Financial Inc. now owns 21,481 shares of the company’s stock valued at $535,000 after acquiring an additional 348 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.