Xometry (NASDAQ:XMTR) Stock: Insider Randolph Altschuler Sells 10,000 Shares

Key Points

• Director Randolph Altschuler sold 10,000 Xometry shares at an average price of $104.04, totaling $1.04 million. The sale covered tax-withholding obligations tied to vested equity awards and reduced his ownership by 1.81%.
• Xometry shares recently traded at $102.53, near their 12-month high of $107.93, while the company reported quarterly revenue of $229.28 million, up 41.1% year over year, and earnings of $0.16 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $113.18; institutional investors own approximately 97.31% of the company’s stock.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Randolph Altschuler sold 10,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $104.04, for a total value of $1,040,400.00. Following the completion of the sale, the director owned 541,270 shares of the company's stock, valued at approximately $56,313,730.80. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Randolph Altschuler also recently made the following trade(s):

• On Friday, October 2nd, Randolph Altschuler sold 5,721 shares of Xometry stock. The stock was sold at an average price of $103.32, for a total value of $591,093.72.
• On Tuesday, September 1st, Randolph Altschuler sold 10,000 shares of Xometry stock. The shares were sold at an average price of $90.82, for a total transaction of $908,200.00.

Xometry Stock Performance

Shares of Xometry stock traded down $1.70 during midday trading on Friday, hitting $102.53. The company had a trading volume of 676,463 shares, compared to its average volume of 826,997. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -170.88 and a beta of 1.23. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $92.03 and a 200 day simple moving average of $79.27. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $107.93.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XMTR. Integrated Wealth Concepts LLC purchased a new stake in Xometry in the second quarter valued at $36,000. PNC Financial Services Group Inc. raised its stake in shares of Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company's stock valued at $67,000 after buying an additional 697 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of Xometry during the 2nd quarter valued at about $97,000. Nykredit A S acquired a new position in shares of Xometry in the 2nd quarter valued at about $103,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of 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 buying an additional 290 shares during the period. Hedge funds and other institutional investors own 97.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on XMTR shares. Citizens Jmp restated a "market outperform" rating and issued a $120.00 target price on shares of Xometry in a research note on Monday, September 21st. Wedbush initiated coverage on Xometry in a research note on Thursday, July 16th. They set an "outperform" rating and a $126.00 price target on the stock. Rosenblatt Securities increased their price objective on Xometry from $110.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, September 22nd. Royal Bank Of Canada increased their price objective on Xometry from $85.00 to $100.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised their price objective on Xometry from $78.00 to $104.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $113.18.

About Xometry

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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