Insider Selling: Xometry (NASDAQ:XMTR) CTO Sells $192,720.48 in Stock

Key Points

• Xometry CTO Vaidyanathan Raghavan sold 1,866 shares at an average price of $103.28, generating $192,720.48. The sale reduced his ownership by 1.37% and was made to cover tax withholding on vested equity awards.
• Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year, and EPS of $0.16, slightly exceeding analyst expectations. Despite growth, the company posted a negative net margin of 3.82%.
• XMTR shares traded at $102.53, near their 12-month high of $107.93. Analysts maintain a “Moderate Buy” consensus, with an average price target of $113.18, while institutional investors own 97.31% of the stock.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CTO Vaidyanathan Raghavan sold 1,866 shares of the company's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $103.28, for a total transaction of $192,720.48. Following the completion of the transaction, the chief technology officer owned 133,911 shares of the company's stock, valued at $13,830,328.08. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Vaidyanathan Raghavan also recently made the following trade(s):

• On Thursday, August 27th, Vaidyanathan Raghavan sold 5,000 shares of Xometry stock. The shares were sold at an average price of $96.77, for a total value of $483,850.00.

Xometry Price Performance

XMTR stock traded down $1.70 during mid-day trading on Friday, hitting $102.53. 676,463 shares of the stock were exchanged, compared to its average volume of 826,997. 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 business has a fifty day moving average price of $92.03 and a 200 day moving average price of $79.27. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $107.93. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of -170.88 and a beta of 1.23.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. The firm had revenue of $229.28 million during the quarter, compared to analysts' expectations of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. On average, sell-side analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company's stock valued at $127,656,000 after acquiring an additional 280,491 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Xometry by 243.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company's stock worth $29,015,000 after purchasing an additional 492,285 shares during the period. Sylebra Capital LLC increased its stake in Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company's stock worth $21,875,000 after purchasing an additional 127,637 shares during the period. Sei Investments Co. lifted its position in Xometry by 45.6% in the first quarter. Sei Investments Co. now owns 274,641 shares of the company's stock valued at $11,216,000 after purchasing an additional 85,989 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Xometry by 23.7% in the first quarter. Bank of America Corp DE now owns 235,414 shares of the company's stock valued at $9,614,000 after purchasing an additional 45,158 shares during the last quarter. Institutional investors own 97.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wedbush initiated coverage on Xometry in a research note on Thursday, July 16th. They issued an "outperform" rating and a $126.00 target price for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Xometry in a research note on Wednesday, August 26th. Royal Bank Of Canada boosted their price objective on shares of Xometry from $85.00 to $100.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $120.00 price objective on shares of Xometry in a research note on Monday, September 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Xometry in a report on Monday, August 24th. They set an "overweight" rating and a $120.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Xometry presently has an average rating of "Moderate Buy" and an average price target of $113.18.

About Xometry

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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