Xometry (NASDAQ:XMTR) Director Sells $471,500.00 in Stock

Key Points

• Director Katharine Weymouth sold 5,000 Xometry shares for $471,500 at an average price of $94.30, reducing her holdings by 12.39% to 35,345 shares. She also sold another 5,000 shares on August 31 for $476,150.
• Xometry shares traded at $92.69, with a market capitalization of approximately $4.8 billion, after ranging between $35.86 and $106.08 over the past year.
• The company exceeded quarterly expectations, reporting $0.16 in EPS versus $0.15 expected and $229.28 million in revenue, up 41.1% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $108.33.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Katharine Weymouth sold 5,000 shares of the business's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $94.30, for a total transaction of $471,500.00. Following the completion of the sale, the director owned 35,345 shares of the company's stock, valued at $3,333,033.50. The trade was a 12.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Katharine Weymouth also recently made the following trade(s):

• On Monday, August 31st, Katharine Weymouth sold 5,000 shares of Xometry stock. The shares were sold at an average price of $95.23, for a total transaction of $476,150.00.

Xometry Stock Performance

XMTR traded down $1.42 during trading on Monday, hitting $92.69. The stock had a trading volume of 530,364 shares, compared to its average volume of 901,057. The firm has a market cap of $4.80 billion, a PE ratio of -154.48 and a beta of 1.29. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $106.08. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The company has a 50 day simple moving average of $91.55 and a 200-day simple moving average of $71.28.

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

Institutional Trading of Xometry

A number of hedge funds have recently modified their holdings of XMTR. California State Teachers Retirement System lifted its position in Xometry by 9,368.5% in the second quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company's stock worth $473,128,000 after purchasing an additional 4,850,095 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Xometry during the 4th quarter valued at about $76,393,000. Ameriprise Financial Inc. boosted its position in shares of Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company's stock valued at $107,029,000 after acquiring an additional 690,558 shares in the last quarter. Durable Capital Partners LP bought a new stake in Xometry in the third quarter valued at about $36,455,000. Finally, Allspring Global Investments Holdings LLC raised its position in Xometry by 243.6% in the first 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 in the last quarter. Institutional investors own 97.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on XMTR shares. Wedbush assumed coverage on Xometry in a report on Thursday, July 16th. They issued an "outperform" rating and a $126.00 target price on the stock. Rosenblatt Securities started coverage on shares of Xometry in a research note on Thursday, August 20th. They issued a "buy" rating and a $110.00 price objective on the stock. Citizens Jmp boosted their target price on shares of Xometry from $75.00 to $100.00 and gave the stock a "market outperform" rating in a research report on Friday, May 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Xometry in a research note on Wednesday. Finally, JPMorgan Chase & Co. began coverage on shares of Xometry in a report on Monday, August 24th. They issued an "overweight" rating and a $120.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $108.33.

About Xometry

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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