Xometry (NASDAQ:XMTR) CFO James Miln Sells 4,000 Shares of Stock

Key Points

• CFO James Miln sold 4,000 Xometry shares at an average price of $113.81, totaling $455,240. He retained 173,631 shares after the sale.
• Xometry reported quarterly EPS of $0.28, beating the $0.19 consensus, while revenue of $252.44 million exceeded estimates and rose 39.5% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $123.64; shares traded at $119.31 in the article’s market update.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CFO James Miln sold 4,000 shares of the business's stock in a transaction on Friday, November 6th. The stock was sold at an average price of $113.81, for a total transaction of $455,240.00. Following the transaction, the chief financial officer owned 173,631 shares in the company, valued at approximately $19,760,944.11. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Xometry Stock Performance

NASDAQ XMTR traded down $1.28 on Tuesday, hitting $119.31. 1,538,371 shares of the stock were exchanged, compared to its average volume of 887,125. The company has a market capitalization of $6.18 billion, a PE ratio of -350.90 and a beta of 1.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.15 and a quick ratio of 3.20. The business's fifty day moving average is $98.74 and its 200 day moving average is $77.52. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $123.39.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. The company had revenue of $252.44 million during the quarter, compared to the consensus estimate of $235.54 million. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. The company's quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. Research analysts anticipate that Xometry, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XMTR. The Goldman Sachs Group increased their price target on Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Citizens Jmp lifted their price objective on shares of Xometry from $120.00 to $135.00 and gave the stock a "market outperform" rating in a research report on Wednesday, November 4th. Royal Bank Of Canada upped their price objective on shares of Xometry from $100.00 to $117.00 and gave the company a "hold" rating in a report on Wednesday, November 4th. Rosenblatt Securities increased their price objective on shares of Xometry from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 4th. Finally, Zacks Research upgraded shares of Xometry from a "hold" rating to a "strong-buy" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Xometry presently has an average rating of "Moderate Buy" and a consensus price target of $123.64.

Institutional Trading of Xometry

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Xometry by 243.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company's stock valued at $29,015,000 after purchasing an additional 492,285 shares during the period. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 280,491 shares in the last quarter. Zevenbergen Capital Investments LLC boosted its position in Xometry by 115.1% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company's stock valued at $30,603,000 after acquiring an additional 159,227 shares in the last quarter. Sylebra Capital LLC grew its stake in Xometry by 31.3% in the first 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. Finally, Russell Investments Group Ltd. grew its position in shares of Xometry by 86.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company's stock worth $23,044,000 after buying an additional 103,827 shares during the period. Institutional investors own 97.31% of the company's stock.

Xometry Company Profile

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.