Subir Dutt Sells 4,943 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 4,943 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $89.20, for a total transaction of $440,915.60. Following the completion of the sale, the insider directly owned 97,289 shares in the company, valued at $8,678,178.80. This trade represents a 4.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Subir Dutt also recently made the following trade(s):

• On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00.
• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The stock was sold at an average price of $79.86, for a total transaction of $399,300.00.
• On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The stock was sold at an average price of $43.47, for a total transaction of $104,762.70.

Xometry Stock Down 5.3%

XMTR opened at $86.89 on Friday. The firm’s 50-day simple moving average is $52.78 and its 200-day simple moving average is $56.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. Xometry, Inc. has a twelve month low of $29.60 and a twelve month high of $93.13. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -85.19 and a beta of 1.01.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. Equities research analysts anticipate that Xometry, Inc. will post -0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Peregrine Investment Management Inc. acquired a new position in Xometry during the 3rd quarter worth about $4,358,000. First Trust Advisors LP lifted its position in Xometry by 12.8% during the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock valued at $78,616,000 after purchasing an additional 164,278 shares during the period. Blair William & Co. IL lifted its position in Xometry by 22.1% during the 3rd quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock valued at $17,679,000 after purchasing an additional 58,707 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Xometry by 246.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 132,038 shares of the company’s stock valued at $7,192,000 after purchasing an additional 93,917 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new position in Xometry during the 3rd quarter valued at about $2,623,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XMTR shares. Citigroup upped their target price on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Xometry in a report on Friday, May 8th. William Blair reaffirmed an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada upped their price target on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Xometry has a consensus rating of “Hold” and an average target price of $76.00.

Xometry Company Profile

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.