Xometry (NASDAQ:XMTR) CEO Sells $127,845.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $85.23, for a total transaction of $127,845.00. Following the completion of the transaction, the chief executive officer owned 180,903 shares in the company, valued at approximately $15,418,362.69. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $90.19, for a total value of $135,285.00.

Xometry Price Performance

Xometry stock opened at $97.18 on Friday. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -161.96 and a beta of 1.32. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $106.08. The stock’s 50 day moving average is $90.81 and its 200-day moving average is $75.02.

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

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Xometry by 243.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after buying an additional 280,491 shares in the last quarter. Capital International Investors bought a new stake in shares of Xometry during the 4th quarter worth $11,949,000. BNP Paribas Financial Markets boosted its stake in Xometry by 1,121.8% in the fourth quarter. BNP Paribas Financial Markets now owns 207,682 shares of the company’s stock valued at $12,351,000 after buying an additional 190,684 shares in the last quarter. Finally, Sylebra Capital LLC boosted its stake in Xometry by 31.3% in the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after buying an additional 127,637 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of several research reports. Rosenblatt Securities began coverage on shares of Xometry in a research note on Thursday, August 20th. They issued a “buy” rating and a $110.00 price target on the stock. UBS Group increased 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. Wedbush initiated coverage on shares of Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price on the stock. The Goldman Sachs Group boosted their price target on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane began coverage on Xometry in a research report on Friday. They set an “outperform” rating and a $120.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.50.

About Xometry

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.