Xometry (NASDAQ:XMTR) Shares Gap Down on Insider Selling

Xometry, Inc. (NASDAQ:XMTR) gapped down prior to trading on Tuesday after an insider sold shares in the company. The stock had previously closed at $32.18, but opened at $30.08. Xometry shares last traded at $31.40, with a volume of 62,391 shares.

Specifically, CTO Matthew Leibel sold 16,564 shares of Xometry stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total value of $498,245.12. Following the completion of the transaction, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at $2,341,908.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Emily Rollins sold 3,729 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the sale, the director now directly owns 12,457 shares in the company, valued at approximately $367,356.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In other Xometry news, COO Peter Goguen sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 175,419 shares of the company’s stock, valued at approximately $5,613,408. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

Several research firms recently weighed in on XMTR. The Goldman Sachs Group boosted their price objective on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. JMP Securities lifted their price target on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Citigroup increased their price objective on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, UBS Group lifted their target price on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Xometry presently has a consensus rating of “Hold” and an average price target of $26.29.

Xometry Price Performance

The company’s 50 day simple moving average is $20.53 and its 200 day simple moving average is $17.14. The stock has a market cap of $1.53 billion, a P/E ratio of -29.48 and a beta of 0.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Institutional Trading of Xometry

A number of large investors have recently made changes to their positions in the company. FMR LLC grew its stake in Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after acquiring an additional 1,169,778 shares during the period. Sylebra Capital LLC increased its stake in Xometry by 134.2% during the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after purchasing an additional 864,454 shares in the last quarter. Bellecapital International Ltd. acquired a new stake in Xometry during the 2nd quarter worth approximately $6,281,000. Clearbridge Investments LLC lifted its stake in Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Xometry in the second quarter valued at approximately $2,013,000. Institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.