Key Points
- Xometry insider Subir Dutt sold 4,943 shares on May 18 for about $440,915.60 at an average price of $89.20, reducing his direct ownership by 4.84%.
- The sale follows additional recent insider sales by Dutt in May and February, suggesting a pattern of trimming holdings rather than a one-off transaction.
- Xometry reported better-than-expected quarterly results, with EPS of $0.12 and revenue of $205.14 million, while analysts currently rate the stock a consensus Hold with an average target price of $76.00.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) insider Subir Dutt sold 4,943 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $89.20, for a total transaction of $440,915.60. Following the transaction, the insider directly owned 97,289 shares in the company, valued at $8,678,178.80. This represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Subir Dutt also recently made the following trade(s):
- On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The shares were sold at an average price of $85.00, for a total value of $212,500.00.
- On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The shares were sold at an average price of $79.86, for a total value of $399,300.00.
- On Thursday, February 26th, Subir Dutt sold 2,410 shares of Xometry stock. The shares were sold at an average price of $43.47, for a total value of $104,762.70.
Xometry Stock Up 5.3%
XMTR stock opened at $91.79 on Thursday. The company has a market cap of $4.76 billion, a PE ratio of -89.99 and a beta of 1.01. The business has a 50-day simple moving average of $51.86 and a 200 day simple moving average of $56.42. Xometry, Inc. has a 52 week low of $29.60 and a 52 week high of $93.13. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86.
Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Sell-side analysts anticipate that Xometry, Inc. will post -0.27 EPS for the current fiscal year.
Institutional Trading of Xometry
A number of institutional investors and hedge funds have recently bought and sold shares of XMTR. Fuller & Thaler Asset Management Inc. acquired a new stake in Xometry in the fourth quarter valued at $76,393,000. Ameriprise Financial Inc. boosted its holdings in Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company's stock valued at $107,029,000 after acquiring an additional 690,558 shares during the last quarter. Durable Capital Partners LP bought a new stake in Xometry in the third quarter valued at approximately $36,455,000. Allspring Global Investments Holdings LLC boosted its holdings in Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company's stock valued at $29,015,000 after acquiring an additional 492,285 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in Xometry by 115.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company's stock valued at $50,132,000 after acquiring an additional 451,259 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. UBS Group boosted their target price on Xometry from $54.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. Zacks Research raised Xometry from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. The Goldman Sachs Group reissued a "neutral" rating and set a $78.00 target price on shares of Xometry in a research note on Friday, May 8th. Citigroup boosted their target price on Xometry from $65.00 to $98.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Xometry in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $76.00.
Read Our Latest Report on Xometry
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.
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