Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells 5,000 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the transaction, the chief operating officer now owns 175,419 shares of the company’s stock, valued at $5,613,408. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Peter Goguen also recently made the following trade(s):

• On Thursday, November 7th, Peter Goguen sold 12,000 shares of Xometry stock. The shares were sold at an average price of $29.55, for a total transaction of $354,600.00.
• On Thursday, October 3rd, Peter Goguen sold 940 shares of Xometry stock. The shares were sold at an average price of $17.22, for a total transaction of $16,186.80.

Xometry Stock Down 2.6 %

Shares of NASDAQ XMTR traded down $0.84 during midday trading on Tuesday, hitting $31.34. 347,757 shares of the company’s stock were exchanged, compared to its average volume of 605,142. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.60. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $38.74. The company has a market cap of $1.54 billion, a PE ratio of -30.10 and a beta of 0.55. The firm’s fifty day simple moving average is $20.02 and its 200-day simple moving average is $16.95.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price target on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. JMP Securities raised their price target on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada raised their price target on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Citigroup raised their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.29.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently added to or reduced their stakes in the business. Primecap Management Co. CA lifted its stake in shares of Xometry by 1.7% in the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after acquiring an additional 113,264 shares in the last quarter. Vanguard Group Inc. boosted its stake in Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after purchasing an additional 76,976 shares in the last quarter. Sylebra Capital LLC lifted its holdings in Xometry by 134.2% in the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after acquiring an additional 864,454 shares during the last quarter. Clearbridge Investments LLC grew its position in Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after buying an additional 217,939 shares during the last quarter. Finally, Bellecapital International Ltd. purchased a new stake in shares of Xometry during the second quarter valued at $6,281,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.