Key Points
- Xometry CEO Sanjeev Sahni sold 1,500 shares at an average price of $108.80, totaling $163,200. He retained 178,291 shares valued at approximately $19.4 million, following several other sales in recent months.
- Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year, and earnings of $0.16 per share, exceeding analyst expectations.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $113.18, while institutional investors own approximately 97.31% of the company’s shares.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Sanjeev Sahni sold 1,500 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $108.80, for a total transaction of $163,200.00. Following the completion of the sale, the chief executive officer owned 178,291 shares of the company's stock, valued at approximately $19,398,060.80. The trade was a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Sanjeev Singh Sahni also recently made the following trade(s):
- On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The stock was sold at an average price of $103.28, for a total transaction of $114,847.36.
- On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $85.23, for a total value of $127,845.00.
- On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $90.19, for a total value of $135,285.00.
Xometry Price Performance
XMTR stock opened at $95.15 on Thursday. Xometry, Inc. has a 1 year low of $35.86 and a 1 year high of $112.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The firm has a market capitalization of $4.93 billion, a PE ratio of -158.58 and a beta of 1.23. The business has a 50 day simple moving average of $95.29 and a 200-day simple moving average of $83.31.
Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. The firm had revenue of $229.28 million for the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%. The firm's revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. Equities research analysts anticipate that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently commented on XMTR. Raymond James Financial set a $120.00 price target on Xometry in a report on Tuesday, September 22nd. BNP Paribas Exane started coverage on shares of Xometry in a report on Friday, September 18th. They issued an "outperform" rating and a $120.00 price objective for the company. Citizens Jmp reissued a "market outperform" rating and issued a $120.00 price objective on shares of Xometry in a report on Monday, September 21st. Weiss Ratings restated a "sell (d-)" rating on shares of Xometry in a research report on Wednesday, August 26th. Finally, Cantor Fitzgerald lifted their target price on shares of Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.
View Our Latest Research Report on Xometry
Institutional Investors Weigh In On Xometry
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Xometry by 36.5% in the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company's stock valued at $99,000 after purchasing an additional 256 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Xometry by 82.5% during the 3rd quarter. CoreCap Advisors LLC now owns 1,825 shares of the company's stock worth $188,000 after purchasing an additional 825 shares during the period. Zevenbergen Capital Investments LLC grew its holdings in shares of Xometry by 115.1% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company's stock worth $30,603,000 after purchasing an additional 159,227 shares during the period. MRA Advisory Group purchased a new position in shares of Xometry during the 3rd quarter worth $681,000. Finally, Tidal Investments LLC acquired a new stake in shares of Xometry during the 2nd quarter worth about $247,000. Hedge funds and other institutional investors own 97.31% of the company's stock.
About Xometry
(
Get Free Report)
Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.
The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.
Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.
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