Key Points
- Xometry director Randolph Altschuler sold 5,722 shares on July 2 at an average price of $93.30, totaling $533,862.60. The filing says the sale was made to cover tax withholding obligations tied to vesting equity awards.
- After the transaction, Altschuler still owned 428,750 shares valued at about $40.0 million, representing a 1.32% reduction in his stake. He had also sold 50,000 shares in a separate trade on May 21 for $4.39 million.
- Xometry recently reported stronger-than-expected quarterly results, with EPS of $0.12 versus a $0.07 estimate and revenue up 35.9% year over year to $205.14 million. Analysts remain mixed overall, with a consensus rating of “Hold” and a consensus price target of $76.00.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) insider Subir Dutt sold 1,073 shares of the firm's stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $93.39, for a total transaction of $100,207.47. Following the completion of the transaction, the insider directly owned 93,716 shares in the company, valued at $8,752,137.24. This represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Subir Dutt also recently made the following trade(s):
- On Wednesday, May 27th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00.
- 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 shares were 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 shares were sold at an average price of $79.86, for a total value of $399,300.00.
Xometry Stock Up 0.7%
Shares of NASDAQ:XMTR opened at $94.93 on Tuesday. The business's 50 day moving average is $83.30 and its 200 day moving average is $63.58. The stock has a market cap of $4.92 billion, a P/E ratio of -93.07 and a beta of 1.27. Xometry, Inc. has a 52-week low of $30.63 and a 52-week high of $99.86. 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 issued its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share 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 analyst estimates 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 was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) EPS. Sell-side analysts predict that Xometry, Inc. will post -0.11 EPS for the current year.
Institutional Trading of Xometry
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Xometry in the 4th quarter worth $76,393,000. Ameriprise Financial Inc. grew its stake in Xometry by 54.2% during 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 acquired a new position in Xometry during the 3rd quarter valued at about $36,455,000. Allspring Global Investments Holdings LLC increased its position in Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company's stock valued at $29,015,000 after buying an additional 492,285 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake 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 buying an additional 451,259 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.
Analyst Upgrades and Downgrades
XMTR has been the subject of several recent research reports. Citigroup boosted their price target on shares of Xometry from $65.00 to $98.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. 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 note on Thursday, April 30th. Weiss Ratings restated a "sell (d-)" rating on shares of Xometry in a report on Friday, May 29th. Citizens Jmp increased their target price on Xometry from $75.00 to $100.00 and gave the company a "market outperform" rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $76.00.
Check Out Our Latest Analysis on XMTR
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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