Insider Selling: Xometry (NASDAQ:XMTR) CFO Sells $131,880.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $87.92, for a total value of $131,880.00. Following the completion of the sale, the chief financial officer directly owned 177,631 shares of the company’s stock, valued at $15,617,317.52. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The stock was sold at an average price of $93.29, for a total value of $223,149.68.
• On Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $97.06, for a total value of $145,590.00.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $96.90, for a total value of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $79.69, for a total value of $119,535.00.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $93.14 on Monday. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $106.08. The stock’s 50 day moving average is $90.54 and its 200-day moving average is $68.42. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of -155.23 and a beta of 1.30.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry’s revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. Sell-side analysts forecast that Xometry, Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XMTR. UBS Group boosted their target price on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Citigroup raised their price target on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank Of Canada lifted their price target on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wedbush assumed coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective for the company. Finally, Citizens Jmp increased their price objective on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Six 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.88.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently modified their holdings of XMTR. Fuller & Thaler Asset Management Inc. purchased a new stake in Xometry during the fourth quarter worth about $76,393,000. Ameriprise Financial Inc. boosted its stake in Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after acquiring an additional 690,558 shares during the last quarter. Durable Capital Partners LP bought a new position in shares of Xometry during the 3rd quarter valued at approximately $36,455,000. Allspring Global Investments Holdings LLC increased its stake in shares of Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after purchasing an additional 492,285 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in shares of Xometry by 115.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after purchasing an additional 451,259 shares during the last quarter. 97.31% of the stock is 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.