Xometry (NASDAQ:XMTR) CFO Sells $131,880.00 in Stock

Key Points

• Xometry CFO James Miln sold 1,500 shares at an average price of $87.92, generating $131,880 and reducing his direct ownership by 0.84% to 177,631 shares.
• Xometry shares rose 6.9% to $93.14, while the company reported quarterly revenue of $229.28 million, up 41.1% year over year, and adjusted earnings of $0.16 per share—slightly above estimates.
• Analyst sentiment remains mixed but generally constructive: the average rating is “Hold” with a $101.88 price target, while institutional investors own 97.31% of the company.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CFO James Miln sold 1,500 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $87.92, for a total transaction of $131,880.00. Following the completion of the sale, the chief financial officer directly owned 177,631 shares of the company's stock, valued at approximately $15,617,317.52. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

James Miln also recently made the following trade(s):

• On Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68.
• On Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $97.06, for a total transaction of $145,590.00.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $96.90, for a total transaction of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $79.69, for a total transaction of $119,535.00.

Xometry Stock Up 6.9%

XMTR stock traded up $6.05 during trading on Friday, hitting $93.14. 782,456 shares of the company's stock traded hands, compared to its average volume of 946,364. The firm has a market capitalization of $4.83 billion, a P/E ratio of -155.23 and a beta of 1.29. The business has a fifty day simple moving average of $90.58 and a two-hundred day simple moving average of $68.20. The company has a quick ratio of 1.76, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 1 year low of $35.86 and a 1 year high of $106.08.

Xometry (NASDAQ:XMTR - Get Free Report) last posted 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 company had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.Xometry's revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. Sell-side analysts anticipate that Xometry, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Cantor Fitzgerald lifted their target price on Xometry from $85.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday. Royal Bank Of Canada increased their price target on shares of Xometry from $85.00 to $100.00 and gave the company a "sector perform" rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a report on Wednesday. Citigroup lifted 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. Finally, Wedbush assumed coverage on shares of Xometry in a research report on Thursday, July 16th. They set an "outperform" rating and a $126.00 target price for the company. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Xometry has an average rating of "Hold" and an average price target of $101.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new stake in shares of Xometry in the fourth quarter worth $28,000. Quantbot Technologies LP acquired a new stake in Xometry during the 3rd quarter worth about $30,000. Leonteq Securities AG purchased a new position in shares of Xometry during the 4th quarter valued at about $59,000. Comerica Bank lifted its holdings in shares of Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company's stock valued at $62,000 after buying an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company's stock worth $67,000 after buying an additional 697 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.

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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