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

Xometry, Inc. (NASDAQ:XMTR) CEO Sanjeev Sahni sold 1,500 shares of the business’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $108.80, for a total transaction of $163,200.00. Following the completion of the transaction, the chief executive officer owned 178,291 shares of the company’s stock, valued at approximately $19,398,060.80. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The stock was sold at an average price of $103.28, for a total transaction 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 transaction 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 Stock Down 11.8%

XMTR opened at $95.15 on Thursday. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $112.94. 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 company has a fifty day moving average of $95.29 and a two-hundred day moving average of $83.31. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of -158.58 and a beta of 1.23.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. 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. Royal Bank Of Canada increased their target price on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on shares of Xometry in a research note on Monday, August 24th. They issued an “overweight” rating and a $120.00 price target on the stock. Citigroup reissued a “market outperform” rating on shares of Xometry in a research note on Monday, September 21st. Finally, The Goldman Sachs Group boosted their price target on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $113.18.

Hedge Funds Weigh In On Xometry

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Xometry by 36.5% in the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock valued at $99,000 after purchasing an additional 256 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Xometry by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after buying an additional 290 shares in the last quarter. Corient Private Wealth LP grew its holdings in shares of Xometry by 1.6% during the second quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock worth $2,239,000 after buying an additional 360 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Xometry during the second quarter worth $36,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after buying an additional 697 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.