Key Points
- Insider sale: Xometry insider Subir Dutt sold 2,500 shares on Feb. 9 at an average price of $70 for $175,000, reducing his stake by 3.71% to 64,919 shares — part of multiple recent sales (also in Jan and Nov).
- Stock movement and metrics: XMTR shares were reported down 7.3% (opened $63.61), with a market cap near $3.26 billion, a 12‑month high of $73.87, and 50/200‑day SMAs of $62.53/$54.89.
- Analyst and institutional backdrop: Analysts are mixed (average rating "Hold" and target $57.89) while institutional investors own about 97.31% of the company and several funds recently increased stakes.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) insider Subir Dutt sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $70.00, for a total value of $175,000.00. Following the completion of the transaction, the insider directly owned 64,919 shares in the company, valued at approximately $4,544,330. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Subir Dutt also recently made the following trade(s):
- On Monday, January 5th, Subir Dutt sold 3,929 shares of Xometry stock. The stock was sold at an average price of $65.55, for a total transaction of $257,545.95.
- On Wednesday, November 19th, Subir Dutt sold 2,075 shares of Xometry stock. The shares were sold at an average price of $60.00, for a total transaction of $124,500.00.
Xometry Stock Down 7.3%
Shares of NASDAQ XMTR opened at $63.61 on Thursday. The firm has a market cap of $3.26 billion, a PE ratio of -50.89 and a beta of 0.86. Xometry, Inc. has a 12-month low of $18.59 and a 12-month high of $73.87. The company's fifty day simple moving average is $62.53 and its 200 day simple moving average is $54.89. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on XMTR shares. JMP Securities set a $75.00 price target on Xometry in a research note on Wednesday, November 5th. Cantor Fitzgerald upped their target price on Xometry from $41.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Xometry in a report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on shares of Xometry from $55.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, November 5th. Finally, Citigroup restated an "outperform" rating on shares of Xometry in a report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Xometry currently has an average rating of "Hold" and an average target price of $57.89.
View Our Latest Report on Xometry
Institutional Investors Weigh In On Xometry
Several institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. Ameriprise Financial Inc. boosted its stake in shares of Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company's stock worth $107,029,000 after buying an additional 690,558 shares during the last quarter. Durable Capital Partners LP bought a new stake in Xometry during the third quarter worth $36,455,000. Gilder Gagnon Howe & Co. LLC boosted its position in Xometry by 248.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company's stock worth $29,053,000 after purchasing an additional 613,282 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company's stock valued at $50,132,000 after purchasing an additional 451,259 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Xometry by 42.9% during the 2nd quarter. First Trust Advisors LP now owns 1,279,005 shares of the company's stock valued at $43,218,000 after purchasing an additional 384,211 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.
About Xometry
(
Get Free Report)
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.
Further Reading
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