Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler Sells 9,332 Shares

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total transaction of $302,263.48. Following the completion of the sale, the chief executive officer owned 319,602 shares in the company, valued at approximately $10,351,908.78. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Xometry Stock Up 3.3%

NASDAQ:XMTR traded up $1.07 on Friday, hitting $33.74. 371,902 shares of the company's stock traded hands, compared to its average volume of 610,061. The company has a market cap of $1.71 billion, a PE ratio of -34.08 and a beta of 0.83. Xometry, Inc. has a 1 year low of $11.32 and a 1 year high of $45.33. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $32.10 and a 200-day moving average price of $31.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. Vanguard Group Inc. grew its stake in Xometry by 2.8% in the first quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company's stock valued at $109,980,000 after purchasing an additional 120,065 shares in the last quarter. Sylebra Capital LLC raised its position in Xometry by 2.6% during the first quarter. Sylebra Capital LLC now owns 1,881,624 shares of the company's stock valued at $46,890,000 after acquiring an additional 46,874 shares in the last quarter. Geode Capital Management LLC lifted its stake in Xometry by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock valued at $42,861,000 after acquiring an additional 8,974 shares during the last quarter. New York State Common Retirement Fund grew its position in Xometry by 4.4% in the first quarter. New York State Common Retirement Fund now owns 942,088 shares of the company's stock worth $23,477,000 after acquiring an additional 39,480 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Xometry by 225.7% during the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after purchasing an additional 590,974 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XMTR has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their target price on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada lifted their price objective on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Cantor Fitzgerald upped their target price on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.78.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.