Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CTO Vaidyanathan Raghavan sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the completion of the transaction, the chief technology officer owned 135,777 shares of the company's stock, valued at approximately $13,139,140.29. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Vaidyanathan Raghavan also recently made the following trade(s):
- On Thursday, July 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The stock was sold at an average price of $93.21, for a total transaction of $173,929.86.
Xometry Stock Down 2.2%
Shares of XMTR stock opened at $94.11 on Friday. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of -156.85 and a beta of 1.29. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08. The company's fifty day moving average price is $91.55 and its 200-day moving average price is $71.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.
Xometry (NASDAQ:XMTR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry's quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. Sell-side analysts expect that Xometry, Inc. will post -0.01 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on XMTR shares. Citigroup upped their price objective on Xometry from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group lifted their target price on Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Citizens Jmp boosted their price target on Xometry from $75.00 to $100.00 and gave the stock a "market outperform" rating in a report on Friday, May 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Xometry in a report on Wednesday. Finally, Royal Bank Of Canada upped their price target on Xometry from $85.00 to $100.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $108.33.
Read Our Latest Report on Xometry
Institutional Trading of Xometry
Several hedge funds have recently bought and sold shares of XMTR. Comerica Bank boosted its holdings in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company's stock valued at $62,000 after purchasing an additional 173 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Xometry by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company's stock worth $510,000 after purchasing an additional 180 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Xometry by 9.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company's stock worth $194,000 after purchasing an additional 290 shares during the last quarter. Mariner LLC increased its holdings in shares of Xometry by 3.2% in the third quarter. Mariner LLC now owns 9,844 shares of the company's stock worth $536,000 after purchasing an additional 301 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Xometry by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 74,565 shares of the company's stock worth $4,434,000 after buying an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.
Xometry Company Profile
(
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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