Xometry (NASDAQ:XMTR) CEO Sanjeev Singh Sahni Sells 1,112 Shares of Stock

Key Points

• Xometry CEO Sanjeev Sahni sold 1,112 shares at an average price of $103.28, generating $114,847.36. The sale covered tax-withholding obligations tied to vested equity awards and reduced his direct ownership by 0.61% to 179,791 shares.
• Xometry shares fell 1.6% to $102.53, though the company recently exceeded quarterly expectations with $0.16 EPS and $229.28 million in revenue, up 41.1% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $113.18; institutional investors own approximately 97.31% of the stock.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Sanjeev Sahni sold 1,112 shares of the company's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $103.28, for a total transaction of $114,847.36. Following the sale, the chief executive officer directly owned 179,791 shares in the company, valued at approximately $18,568,814.48. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $85.23, for a total transaction of $127,845.00.
• 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 transaction of $135,285.00.

Xometry Stock Down 1.6%

Shares of NASDAQ:XMTR traded down $1.70 during trading on Friday, hitting $102.53. The company's stock had a trading volume of 676,463 shares, compared to its average volume of 826,997. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $107.93. The business has a 50 day moving average price of $92.03 and a two-hundred day moving average price of $79.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The company has a market capitalization of $5.31 billion, a PE ratio of -170.88 and a beta of 1.23.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $229.28 million for 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 last year, the firm earned $0.09 earnings per share. As a group, research analysts expect that Xometry, Inc. will post -0.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on XMTR. Cantor Fitzgerald increased their price target on Xometry from $85.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Xometry in a research report on Wednesday, August 26th. The Goldman Sachs Group upped their target price on shares of Xometry from $78.00 to $104.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Rosenblatt Securities raised their target price on shares of Xometry from $110.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, September 22nd. Finally, Wedbush began coverage on shares of Xometry in a report on Thursday, July 16th. They issued an "outperform" rating and a $126.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Xometry currently has a consensus rating of "Moderate Buy" and an average price target of $113.18.

Hedge Funds Weigh In On Xometry

Several large investors have recently bought and sold shares of XMTR. Rockefeller Capital Management L.P. grew its holdings in shares of Xometry by 9.7% during 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 during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Xometry by 1.6% in the 2nd quarter. Corient Private Wealth LP now owns 23,196 shares of the company's stock valued at $2,239,000 after purchasing an additional 360 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Xometry in the 2nd quarter valued at about $36,000. PNC Financial Services Group Inc. boosted its position 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 valued at $67,000 after purchasing an additional 697 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in shares of Xometry by 12.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,284 shares of the company's stock valued at $297,000 after purchasing an additional 797 shares during the period. Hedge funds and other institutional investors own 97.31% of the company's stock.

Xometry Company Profile

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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