Xometry (NASDAQ:XMTR) CTO Vaidyanathan Raghavan Sells 1,866 Shares

by · The Markets Daily

Xometry, Inc. (NASDAQ:XMTR – Get Free Report) CTO Vaidyanathan Raghavan sold 1,866 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $93.21, for a total value of $173,929.86. Following the completion of the transaction, the chief technology officer directly owned 140,777 shares in the company, valued at approximately $13,121,824.17. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Xometry Stock Up 2.7%

Shares of XMTR stock traded up $2.47 during mid-day trading on Monday, reaching $94.29. 741,635 shares of the company were exchanged, compared to its average volume of 957,795. The company has a market capitalization of $4.89 billion, a P/E ratio of -92.44 and a beta of 1.27. The business’s 50 day simple moving average is $82.35 and its 200 day simple moving average is $63.34. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. Xometry, Inc. has a fifty-two week low of $30.63 and a fifty-two week high of $99.86.

Xometry (NASDAQ:XMTR – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. Research analysts predict that Xometry, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Xometry

Institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Xometry in the 4th quarter worth approximately $76,393,000. Ameriprise Financial Inc. lifted its position in Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the period. Durable Capital Partners LP bought a new position in Xometry during the 3rd quarter valued at $36,455,000. Allspring Global Investments Holdings LLC boosted its stake in Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of Xometry by 115.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock valued at $50,132,000 after purchasing an additional 451,259 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on XMTR shares. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price for the company in a research report on Thursday, April 30th. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th. Royal Bank Of Canada increased their target price on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Citigroup increased their price objective on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.00.

View Our Latest Stock Report on Xometry

About Xometry

(Get Free Report)

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.

See Also