Insider Selling: Xometry (NASDAQ:XMTR) Insider Sells 2,500 Shares of Stock

Key Points

• Xometry insider Subir Dutt sold 2,500 shares on May 27 at an average price of $95.00, for total proceeds of $237,500. After the sale, Dutt still held 94,789 shares valued at about $9.0 million.
• This was part of a series of recent insider sales by Dutt, including transactions on May 11, May 13, and May 18, suggesting a pattern of trimming his position over the past few weeks.
• Xometry’s stock has been strong recently, trading around $95.32 and near its 52-week high of $97.63. The company also reported quarterly earnings and revenue that beat expectations, with revenue up 35.9% year over year.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) insider Subir Dutt sold 2,500 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $95.00, for a total transaction of $237,500.00. Following the completion of the sale, the insider owned 94,789 shares of the company's stock, valued at approximately $9,004,955. This represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Subir Dutt also recently made the following trade(s):

• On Monday, May 18th, Subir Dutt sold 4,943 shares of Xometry stock. The stock was sold at an average price of $89.20, for a total transaction of $440,915.60.
• On Wednesday, May 13th, Subir Dutt sold 2,500 shares of Xometry stock. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00.
• On Monday, May 11th, Subir Dutt sold 5,000 shares of Xometry stock. The stock was sold at an average price of $79.86, for a total transaction of $399,300.00.

Xometry Stock Up 0.8%

NASDAQ XMTR traded up $0.76 on Thursday, reaching $95.32. The company had a trading volume of 1,286,045 shares, compared to its average volume of 975,395. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of -93.45 and a beta of 1.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. Xometry, Inc. has a 1-year low of $29.60 and a 1-year high of $97.63. The company's fifty day moving average is $57.03 and its 200-day moving average is $57.60.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS. On average, research analysts forecast that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xometry

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $46,000 after acquiring an additional 162 shares in the last quarter. Comerica Bank grew its holdings in shares of Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company's stock valued at $62,000 after acquiring an additional 173 shares in the last quarter. M&T Bank Corp lifted its stake in Xometry by 2.1% in the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company's stock valued at $510,000 after purchasing an additional 180 shares during the last quarter. Arizona State Retirement System lifted its stake in Xometry by 2.0% in the 3rd quarter. Arizona State Retirement System now owns 13,081 shares of the company's stock valued at $713,000 after purchasing an additional 256 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company's stock valued at $194,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 97.31% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Xometry from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. UBS Group upped their target price on shares of Xometry from $54.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. Citigroup upped their target price on shares of Xometry from $65.00 to $98.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. William Blair restated an "outperform" rating on shares of Xometry in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $78.00 price objective on shares of Xometry in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $76.00.

Xometry Company Profile

Xometry, Inc NASDAQ: XMTR operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

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