Key Points
- Insider sale: Xometry insider Subir Dutt sold 2,500 shares on May 27 at an average price of $95.00, totaling $237,500. After the sale, he still held 94,789 shares, and the transaction reduced his position by 2.57%.
- Recent insider activity: Dutt has also sold shares multiple times earlier in May, including 4,943 shares on May 18, 2,500 shares on May 13, and 5,000 shares on May 11. Those trades suggest a steady pattern of insider selling over the month.
- Company snapshot: Xometry shares were trading near their 52-week high at $95.32, following a strong quarterly report that beat earnings and revenue estimates. Analysts currently have a mixed view, with a consensus rating of Hold and an average price target of $76.00.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) insider Subir Dutt sold 2,500 shares of the stock in a transaction on 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 of the company's stock, valued at $9,004,955. The trade was a 2.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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
Shares of XMTR opened at $95.32 on Friday. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of -93.45 and a beta of 1.01. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $58.17 and a 200 day simple moving average of $57.82. Xometry, Inc. has a 12 month low of $29.60 and a 12 month high of $97.63.
Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The company had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. During the same quarter last year, the firm posted ($0.05) EPS. The company's quarterly revenue was up 35.9% on a year-over-year basis. Research analysts forecast that Xometry, Inc. will post -0.11 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Citizens Jmp lifted their price objective on shares of Xometry from $75.00 to $100.00 and gave the company a "market outperform" rating in a research report on Friday, May 8th. Cantor Fitzgerald raised shares of Xometry from a "neutral" rating to an "overweight" rating and set a $62.00 price objective for the company in a research report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $78.00 price target on shares of Xometry in a report on Friday, May 8th. Citigroup lifted their price objective on shares of Xometry from $65.00 to $98.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. Finally, UBS Group lifted their price objective on shares of Xometry from $54.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Xometry currently has a consensus rating of "Hold" and an average price target of $76.00.
Read Our Latest Stock Analysis on XMTR
Institutional Trading of Xometry
A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $46,000 after buying an additional 162 shares during the last quarter. Comerica Bank lifted its stake in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company's stock worth $62,000 after buying an additional 173 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Xometry by 2.1% during the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company's stock worth $510,000 after buying an additional 180 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Xometry by 2.0% during the 3rd quarter. Arizona State Retirement System now owns 13,081 shares of the company's stock worth $713,000 after buying an additional 256 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Xometry by 9.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company's stock worth $194,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds 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.
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