Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells $36,956.40 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 598 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $61.80, for a total value of $36,956.40. Following the sale, the chief financial officer owned 140,600 shares in the company, valued at approximately $8,689,080. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

James Miln also recently made the following trade(s):

• On Monday, January 5th, James Miln sold 6,203 shares of Xometry stock. The stock was sold at an average price of $66.51, for a total value of $412,561.53.
• On Friday, November 7th, James Miln sold 599 shares of Xometry stock. The shares were sold at an average price of $62.11, for a total value of $37,203.89.

Xometry Stock Down 8.2%

XMTR opened at $62.64 on Friday. The firm has a market cap of $3.21 billion, a P/E ratio of -50.11 and a beta of 0.86. The business’s fifty day simple moving average is $60.46 and its 200 day simple moving average is $49.86. Xometry, Inc. has a 52 week low of $18.59 and a 52 week high of $69.26. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20.

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

Institutional Trading of Xometry

A number of institutional investors have recently modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in Xometry during the 4th quarter worth approximately $610,000. GAMMA Investing LLC raised its holdings in Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares during the period. Tudor Investment Corp ET AL acquired a new position in Xometry during the third quarter valued at approximately $467,000. Polar Asset Management Partners Inc. purchased a new stake in Xometry during the third quarter worth approximately $2,623,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Xometry during the third quarter worth approximately $253,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

XMTR has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a report on Wednesday, October 8th. Cantor Fitzgerald upped their target price on Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. increased their target price on Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Citizens Jmp raised their price target on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.89.

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.