Xometry (NASDAQ:XMTR) Insider Subir Dutt Sells 2,500 Shares

Xometry, Inc. (NASDAQ:XMTR) insider Subir Dutt sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the transaction, the insider owned 94,789 shares in the company, valued at approximately $9,004,955. The trade was a 2.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, May 18th, Subir Dutt sold 4,943 shares of Xometry stock. The stock was sold at an average price of $89.20, for a total transaction of $440,915.60.
• 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.

Xometry Stock Performance

NASDAQ:XMTR opened at $95.32 on Friday. The firm’s 50-day moving average is $58.17 and its 200-day moving average is $57.82. Xometry, Inc. has a 52-week low of $29.60 and a 52-week high of $97.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The company has a market cap of $4.94 billion, a price-to-earnings ratio of -93.45 and a beta of 1.01.

Xometry (NASDAQ:XMTR) last issued its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. Equities research analysts anticipate that Xometry, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently modified their holdings of XMTR. GAMMA Investing LLC boosted its holdings in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares during the period. Comerica Bank boosted its holdings in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after buying an additional 173 shares during the period. M&T Bank Corp boosted its holdings in Xometry by 2.1% during the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock worth $510,000 after purchasing an additional 180 shares during the last quarter. Arizona State Retirement System boosted its holdings in Xometry by 2.0% during the third quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock worth $713,000 after purchasing an additional 256 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in 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 purchasing an additional 290 shares during the last quarter. 97.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XMTR. William Blair reiterated an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Wedbush reduced their target price on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Citizens Jmp boosted their price target on shares of Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price target on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Citigroup boosted their price target on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.