Xometry (NASDAQ:XMTR) Stock: Insider Sanjeev Singh Sahni Sells 1,500 Shares

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $122.50, for a total value of $183,750.00. Following the transaction, the chief executive officer owned 176,791 shares in the company, valued at approximately $21,656,897.50. This trade represents a 0.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Monday, October 12th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $108.80, for a total value of $163,200.00.
• On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The shares were sold at an average price of $103.28, for a total value of $114,847.36.
• On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $85.23, for a total value of $127,845.00.
• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $90.19, for a total transaction of $135,285.00.

Xometry Trading Down 1.0%

Shares of NASDAQ:XMTR traded down $1.17 during mid-day trading on Friday, reaching $119.61. The stock had a trading volume of 576,710 shares, compared to its average volume of 885,732. The firm has a 50 day simple moving average of $100.47 and a two-hundred day simple moving average of $78.39. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $127.49. The firm has a market cap of $6.20 billion, a PE ratio of -351.78 and a beta of 1.33. The company has a current ratio of 3.15, a quick ratio of 3.13 and a debt-to-equity ratio of 0.40.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $252.44 million during the quarter, compared to analysts’ expectations of $235.54 million. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, research analysts predict that Xometry, Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XMTR. UBS Group lifted their price target on shares of Xometry from $95.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Zacks Research upgraded shares of Xometry from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 6th. Raymond James Financial set a $120.00 price objective on Xometry in a research note on Tuesday, September 22nd. Finally, Citizens Jmp raised their price objective on Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.55.

Hedge Funds Weigh In On Xometry

Institutional investors have recently modified their holdings of the business. 49 Wealth Management LLC bought a new stake in Xometry during the 3rd quarter worth approximately $331,000. Palumbo Wealth Management LLC raised its holdings in Xometry by 15.3% during the 3rd quarter. Palumbo Wealth Management LLC now owns 20,866 shares of the company’s stock worth $2,146,000 after buying an additional 2,775 shares during the period. Advisors Asset Management Inc. acquired a new stake in Xometry during the 3rd quarter worth approximately $59,000. Alpha Financial Partners LLC bought a new position in Xometry in the third quarter valued at approximately $211,000. Finally, Stephens Investment Management Group LLC lifted its stake in Xometry by 0.7% in the third quarter. Stephens Investment Management Group LLC now owns 804,719 shares of the company’s stock valued at $82,765,000 after buying an additional 5,539 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

About Xometry

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.