Xometry (NASDAQ:XMTR) CTO Vaidyanathan Raghavan Sells 5,000 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 5,000 shares of Xometry stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the transaction, the chief technology officer owned 128,911 shares of the company’s stock, valued at $15,469,320. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vaidyanathan Raghavan also recently made the following trade(s):

• On Friday, October 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The shares were sold at an average price of $103.28, for a total value of $192,720.48.
• On Thursday, August 27th, Vaidyanathan Raghavan sold 5,000 shares of Xometry stock. The stock was sold at an average price of $96.77, for a total value of $483,850.00.

Xometry Price Performance

Shares of NASDAQ XMTR traded down $1.69 during trading on Thursday, reaching $120.78. The company had a trading volume of 662,191 shares, compared to its average volume of 887,133. 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, Inc. has a twelve month low of $35.86 and a twelve month high of $127.49. The stock has a 50-day moving average price of $99.90 and a two-hundred day moving average price of $78.11. The stock has a market capitalization of $6.26 billion, a PE ratio of -355.22 and a beta of 1.33.

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

Institutional Trading of Xometry

A number of hedge funds have recently added to or reduced their stakes in XMTR. Wellington Management Group LLP grew its holdings in Xometry by 26.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after buying an additional 280,491 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Xometry by 0.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 804,719 shares of the company’s stock worth $82,765,000 after acquiring an additional 5,539 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after acquiring an additional 492,285 shares during the period. Sylebra Capital LLC boosted its position in shares of Xometry by 31.3% in the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after acquiring an additional 127,637 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its position in shares of Xometry by 115.1% in the third quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after acquiring an additional 159,227 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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 report on Wednesday, November 4th. Citizens Jmp upped their price objective on shares of Xometry from $120.00 to $135.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 4th. Raymond James Financial set a $120.00 target price on shares of Xometry in a research report on Tuesday, September 22nd. Citigroup lifted their target price on shares of Xometry from $110.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Finally, 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 report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.64.

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.