Xometry (NASDAQ:XMTR) Director Katharine Weymouth Sells 5,000 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth sold 5,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $94.30, for a total transaction of $471,500.00. Following the sale, the director directly owned 35,345 shares in the company, valued at $3,333,033.50. This trade represents a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Katharine Weymouth also recently made the following trade(s):

• On Monday, August 31st, Katharine Weymouth sold 5,000 shares of Xometry stock. The shares were sold at an average price of $95.23, for a total transaction of $476,150.00.

Xometry Stock Performance

Shares of XMTR opened at $92.69 on Tuesday. The company has a market cap of $4.80 billion, a PE ratio of -154.48 and a beta of 1.30. The firm has a 50-day moving average of $91.57 and a 200-day moving average of $71.45. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR) last issued its 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. 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 during the quarter, compared to the consensus estimate of $215.22 million. During the same period last year, the business posted $0.09 EPS. Xometry’s revenue was up 41.1% on a year-over-year basis. As a group, equities analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On Xometry

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in Xometry by 9,368.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock worth $473,128,000 after purchasing an additional 4,850,095 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Xometry during the 4th quarter worth $76,393,000. Ameriprise Financial Inc. lifted its holdings in shares of Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after buying an additional 690,558 shares in the last quarter. Durable Capital Partners LP bought a new stake in shares of Xometry in the third quarter valued at about $36,455,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after acquiring an additional 492,285 shares during the period. Institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

XMTR has been the subject of several research analyst reports. Citizens Jmp lifted their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. JPMorgan Chase & Co. initiated coverage on Xometry in a report on Monday, August 24th. They set an “overweight” rating and a $120.00 price target for the company. Citigroup lifted their price objective on shares of Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald upped their price objective on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.33.

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.