Xometry, Inc. (NASDAQ:XMTR) CFO James Miln Sells 5,386 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 5,386 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the transaction, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Xometry Stock Performance

Xometry stock traded down $1.20 during mid-day trading on Monday, reaching $42.00. 721,689 shares of the company were exchanged, compared to its average volume of 697,996. The firm’s 50-day simple moving average is $33.09 and its two-hundred day simple moving average is $22.39. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $45.33. The firm has a market cap of $2.08 billion, a PE ratio of -40.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Analysts Set New Price Targets

XMTR has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research report on Monday, December 16th. The Goldman Sachs Group boosted their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum lifted their target price on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wedbush reissued an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Institutional Investors Weigh In On Xometry

Several large investors have recently modified their holdings of the stock. Weiss Asset Management LP acquired a new position in Xometry in the 3rd quarter valued at $1,586,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Xometry during the third quarter worth about $355,000. Versor Investments LP purchased a new position in Xometry during the third quarter worth about $411,000. Allspring Global Investments Holdings LLC lifted its position in Xometry by 191.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock valued at $3,981,000 after purchasing an additional 142,262 shares during the period. Finally, Primecap Management Co. CA boosted its holdings in Xometry by 1.7% in the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after purchasing an additional 113,264 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Xometry

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.