Xometry, Inc. (NASDAQ:XMTR) CEO Sells $302,263.48 in Stock

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Randolph Altschuler sold 9,332 shares of the firm's stock in a transaction on 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 $10,351,908.78. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Xometry Trading Up 3.3%

XMTR traded up $1.07 during midday trading on Friday, hitting $33.74. The company's stock had a trading volume of 371,902 shares, compared to its average volume of 611,176. Xometry, Inc. has a 52-week low of $11.33 and a 52-week high of $45.33. The firm has a 50-day moving average price of $32.28 and a two-hundred day moving average price of $31.24. 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 market cap of $1.71 billion, a P/E ratio of -34.08 and a beta of 0.83.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently made changes to their positions in XMTR. GAMMA Investing LLC grew its holdings in shares of Xometry by 160.1% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after purchasing an additional 618 shares during the period. Canada Pension Plan Investment Board acquired a new position in Xometry during the fourth quarter valued at approximately $38,000. CWM LLC lifted its position in Xometry by 825.6% during the first quarter. CWM LLC now owns 1,555 shares of the company's stock valued at $39,000 after buying an additional 1,387 shares in the last quarter. Comerica Bank grew its stake in Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after buying an additional 749 shares during the period. Finally, CoreCap Advisors LLC acquired a new stake in shares of Xometry in the fourth quarter worth $51,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Xometry Company Profile

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.