Insider Selling: Xometry, Inc. (NASDAQ:XMTR) CFO Sells $227,989.38 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 5,386 shares of Xometry stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the transaction, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This represents a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Xometry Trading Down 6.2 %

Shares of XMTR stock opened at $36.54 on Thursday. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The firm has a market capitalization of $1.81 billion, a PE ratio of -34.80 and a beta of 0.70. The stock has a fifty day moving average of $34.24 and a two-hundred day moving average of $22.88. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Analyst Ratings Changes

XMTR has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup raised their target price on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Craig Hallum upped their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a report on Monday, December 16th. Finally, Royal Bank of Canada upped their price objective on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its position in shares of Xometry by 32.9% during the 3rd quarter. Franklin Resources Inc. now owns 38,881 shares of the company’s stock worth $731,000 after buying an additional 9,625 shares in the last quarter. Barclays PLC increased its stake in shares of Xometry by 360.9% during the third quarter. Barclays PLC now owns 68,951 shares of the company’s stock valued at $1,266,000 after acquiring an additional 53,991 shares during the period. Geode Capital Management LLC raised its holdings in Xometry by 4.3% during the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock worth $18,291,000 after purchasing an additional 41,341 shares in the last quarter. Sylebra Capital LLC raised its holdings in Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after purchasing an additional 288,151 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Xometry in the third quarter worth approximately $1,586,000. 97.31% of the stock is currently owned by institutional investors.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.