Insider Selling: Xometry (NASDAQ:XMTR) CEO Sells 1,500 Shares

Key Points

• Xometry CEO Sanjeev Sahni sold 1,500 shares at an average price of $85.23, generating $127,845 and reducing his direct holdings by 0.82% to 180,903 shares.
• Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year, and adjusted earnings of $0.16 per share, exceeding analyst expectations.
• The stock recently traded at $93.15, while analysts maintained a “Moderate Buy” consensus with an average price target of $108.33; institutional investors own 97.31% of shares.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Sanjeev Sahni sold 1,500 shares of Xometry stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $85.23, for a total value of $127,845.00. Following the transaction, the chief executive officer directly owned 180,903 shares of the company's stock, valued at $15,418,362.69. The trade was a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sanjeev Singh Sahni also recently made the following trade(s):

• 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

Shares of Xometry stock traded up $5.57 on Wednesday, reaching $93.15. The stock had a trading volume of 957,098 shares, compared to its average volume of 882,986. The business's 50 day moving average is $90.68 and its two-hundred day moving average is $74.15. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 1 year low of $35.86 and a 1 year high of $106.08. The company has a market cap of $4.83 billion, a P/E ratio of -155.25 and a beta of 1.32.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company had revenue of $229.28 million during the quarter, compared to analysts' expectations of $215.22 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. Xometry's revenue for the quarter was up 41.1% on a year-over-year basis. As a group, research analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Xometry from $78.00 to $104.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Weiss Ratings restated a "sell (d-)" rating on shares of Xometry in a research note on Wednesday, August 26th. Rosenblatt Securities began coverage on Xometry in a report on Thursday, August 20th. They issued a "buy" rating and a $110.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Xometry in a research report on Monday, August 24th. They set an "overweight" rating and a $120.00 price target for the company. Finally, UBS Group boosted their price objective on Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Xometry has a consensus rating of "Moderate Buy" and a consensus target price of $108.33.

Institutional Trading of Xometry

A number of hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its holdings in 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 in the last quarter. Corient Private Wealth LP boosted its holdings in shares of Xometry by 1.6% during the 2nd quarter. Corient Private Wealth LP now owns 23,196 shares of the company's stock valued at $2,239,000 after buying an additional 360 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Xometry in the 2nd quarter worth about $36,000. ProShare Advisors LLC grew its position in shares of Xometry by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 7,948 shares of the company's stock worth $473,000 after buying an additional 510 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Xometry by 74.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company's stock worth $67,000 after acquiring an additional 697 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

About Xometry

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.

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