Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells 599 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 599 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $58.98, for a total value of $35,329.02. Following the completion of the sale, the chief financial officer directly owned 133,798 shares in the company, valued at $7,891,406.04. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, January 2nd, James Miln sold 598 shares of Xometry stock. The stock was sold at an average price of $61.80, for a total value of $36,956.40.
• 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 Trading Down 1.9%

Shares of Xometry stock traded down $1.15 during midday trading on Wednesday, reaching $60.70. 2,155,822 shares of the company’s stock traded hands, compared to its average volume of 740,388. The stock has a 50 day moving average of $61.55 and a 200-day moving average of $53.67. Xometry, Inc. has a 12 month low of $18.59 and a 12 month high of $69.26. The company has a market cap of $3.11 billion, a PE ratio of -48.56 and a beta of 0.86. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62.

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

Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Xometry in the 3rd quarter valued at approximately $30,000. Advisors Asset Management Inc. raised its stake in shares of Xometry by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after purchasing an additional 412 shares during the last quarter. Westend Capital Management LLC bought a new position in shares of Xometry during the third quarter valued at $41,000. GAMMA Investing LLC lifted its holdings in shares of Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Xometry during the third quarter valued at $47,000. Institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Xometry from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Citigroup reiterated an “outperform” rating on shares of Xometry in a report on Wednesday, November 5th. Cantor Fitzgerald increased their target price on Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group lifted their price target on Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.