Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells 986 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 986 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $25.20, for a total transaction of $24,847.20. Following the completion of the transaction, the chief operating officer now directly owns 187,883 shares in the company, valued at approximately $4,734,651.60. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 11th, Peter Goguen sold 3,000 shares of Xometry stock. The stock was sold at an average price of $35.57, for a total transaction of $106,710.00.
• On Wednesday, January 15th, Peter Goguen sold 3,000 shares of Xometry stock. The stock was sold at an average price of $34.50, for a total value of $103,500.00.
• On Friday, January 3rd, Peter Goguen sold 940 shares of Xometry stock. The shares were sold at an average price of $42.36, for a total value of $39,818.40.

Xometry Price Performance

Shares of XMTR traded up $0.85 during midday trading on Wednesday, hitting $26.27. 542,749 shares of the company traded hands, compared to its average volume of 596,594. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -25.02 and a beta of 0.69. The firm has a 50 day moving average of $31.81 and a 200-day moving average of $28.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33.

Hedge Funds Weigh In On Xometry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Xometry by 360.9% during the 3rd quarter. Barclays PLC now owns 68,951 shares of the company’s stock worth $1,266,000 after acquiring an additional 53,991 shares in the last quarter. Weiss Asset Management LP purchased a new stake in Xometry during the third quarter valued at $1,586,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Xometry during the third quarter valued at $355,000. Primecap Management Co. CA lifted its position in Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after purchasing an additional 113,264 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Xometry by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock worth $6,519,000 after buying an additional 16,396 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XMTR. Citigroup decreased their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Wedbush reissued an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. UBS Group raised their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Xometry presently has an average rating of “Moderate Buy” and a consensus target price of $36.11.

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.