Xometry (NASDAQ:XMTR) Stock: Insider Randolph Altschuler Sells 5,721 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 5,721 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $103.32, for a total value of $591,093.72. Following the transaction, the director directly owned 423,029 shares in the company, valued at approximately $43,707,356.28. This represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, October 1st, Randolph Altschuler sold 10,000 shares of Xometry stock. The shares were sold at an average price of $104.04, for a total value of $1,040,400.00.
• On Tuesday, September 1st, Randolph Altschuler sold 10,000 shares of Xometry stock. The stock was sold at an average price of $90.82, for a total value of $908,200.00.

Xometry Trading Down 1.6%

NASDAQ XMTR traded down $1.70 on Friday, hitting $102.53. 676,463 shares of the stock were exchanged, compared to its average volume of 826,997. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The stock has a fifty day moving average price of $92.03 and a two-hundred day moving average price of $79.27. The firm has a market capitalization of $5.31 billion, a P/E ratio of -170.88 and a beta of 1.23. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $107.93.

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

Analyst Ratings Changes

A number of analysts recently weighed in on XMTR shares. Cantor Fitzgerald increased their price objective on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Raymond James Financial set a $120.00 target price on Xometry in a research report on Tuesday, September 22nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $120.00 target price on shares of Xometry in a research note on Monday, September 21st. JPMorgan Chase & Co. assumed coverage on Xometry in a research note on Monday, August 24th. They set an “overweight” rating and a $120.00 target price on the stock. Finally, Rosenblatt Securities increased their price target on Xometry from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and an average price target of $113.18.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC purchased a new position in Xometry in the 2nd quarter worth about $247,000. IPG Investment Advisors LLC purchased a new stake in Xometry in the 2nd quarter valued at about $241,000. Integrated Wealth Concepts LLC purchased a new stake in Xometry in the 2nd quarter valued at about $36,000. Nykredit A S bought a new position in Xometry in the 2nd quarter worth about $103,000. Finally, Corient Private Wealth LP grew its stake in Xometry by 1.6% in the 2nd quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock worth $2,239,000 after acquiring an additional 360 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

About Xometry

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.