Xometry (NASDAQ:XMTR) CTO Sells 5,000 Shares

Key Points

• Xometry CTO Vaidyanathan Raghavan sold 5,000 shares at an average price of $96.77, generating $483,850 and reducing his direct ownership by 3.55% to 135,777 shares.
• Xometry shares fell 2.2% to $94.11, although the company recently exceeded quarterly earnings and revenue estimates, with revenue rising 41.1% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $108.33, while institutional investors own 97.31% of the company’s stock.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CTO Vaidyanathan Raghavan sold 5,000 shares of Xometry stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $96.77, for a total value of $483,850.00. Following the completion of the transaction, the chief technology officer directly owned 135,777 shares of the company's stock, valued at approximately $13,139,140.29. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, July 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The shares were sold at an average price of $93.21, for a total value of $173,929.86.

Xometry Trading Down 2.2%

Shares of Xometry stock traded down $2.15 on Friday, hitting $94.11. 516,886 shares of the company's stock traded hands, compared to its average volume of 903,311. The company has a fifty day moving average of $91.53 and a two-hundred day moving average of $71.13. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of -156.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

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

Hedge Funds Weigh In On Xometry

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in Xometry by 5.0% during the 1st quarter. Royal Bank of Canada now owns 60,669 shares of the company's stock valued at $1,511,000 after purchasing an additional 2,899 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Xometry in the first quarter valued at $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Xometry by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company's stock valued at $649,000 after buying an additional 1,877 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Xometry by 26.6% during the first quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company's stock valued at $11,281,000 after buying an additional 95,154 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Xometry by 476.1% during the second quarter. Invesco Ltd. now owns 238,390 shares of the company's stock worth $8,055,000 after acquiring an additional 197,013 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on XMTR shares. UBS Group increased their target price on shares of Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald lifted their price target on shares of Xometry from $85.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Rosenblatt Securities initiated coverage on shares of Xometry in a research note on Thursday, August 20th. They issued a "buy" rating and a $110.00 price target for the company. Citizens Jmp upped their price objective on shares of Xometry from $75.00 to $100.00 and gave the company a "market outperform" rating in a report on Friday, May 8th. Finally, Citigroup increased their price objective on shares of Xometry from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $108.33.

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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