Insider Selling: Xometry, Inc. (NASDAQ:XMTR) CFO Sells 1,346 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,346 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total value of $33,824.98. Following the transaction, the chief financial officer now directly owns 144,713 shares in the company, valued at approximately $3,636,637.69. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

James Miln also recently made the following trade(s):

• On Tuesday, March 4th, James Miln sold 25,852 shares of Xometry stock. The shares were sold at an average price of $24.06, for a total value of $621,999.12.
• On Friday, February 28th, James Miln sold 7,235 shares of Xometry stock. The stock was sold at an average price of $26.61, for a total value of $192,523.35.

Xometry Stock Performance

XMTR stock opened at $20.91 on Tuesday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.05 billion, a PE ratio of -19.91 and a beta of 0.72. The business has a 50 day moving average of $29.30 and a 200-day moving average of $29.31. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new position in shares of Xometry in the 3rd quarter worth about $205,000. Charles Schwab Investment Management Inc. raised its position in Xometry by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock worth $6,519,000 after acquiring an additional 16,396 shares during the period. FMR LLC boosted its stake in Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after acquiring an additional 1,169,778 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Xometry during the 3rd quarter valued at approximately $383,000. Finally, Centiva Capital LP purchased a new stake in shares of Xometry during the 3rd quarter worth approximately $341,000. Institutional investors own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

XMTR has been the topic of several research reports. Cantor Fitzgerald upped their price objective on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. JMP Securities reissued a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. Wedbush restated an “outperform” rating and issued a $48.00 target price on shares of Xometry in a report on Friday, December 20th. Finally, UBS Group upped their price target on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.11.

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.