Insider Selling: Xometry, Inc. (NASDAQ:XMTR) CTO Sells 16,564 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Matthew Leibel sold 16,564 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total transaction of $498,245.12. Following the transaction, the chief technology officer now owns 77,856 shares in the company, valued at $2,341,908.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Matthew Leibel also recently made the following trade(s):

• On Friday, September 13th, Matthew Leibel sold 3,400 shares of Xometry stock. The shares were sold at an average price of $18.45, for a total value of $62,730.00.

Xometry Stock Performance

Shares of XMTR traded down $0.84 during trading hours on Tuesday, hitting $31.34. The stock had a trading volume of 347,740 shares, 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 12 month low of $11.08 and a 12 month high of $38.74. The firm has a market capitalization of $1.54 billion, a PE ratio of -30.10 and a beta of 0.55. The stock has a fifty day moving average price of $20.02 and a 200 day moving average price of $16.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Xometry during the 2nd quarter worth approximately $38,000. ProShare Advisors LLC bought a new position in shares of Xometry in the second quarter worth about $53,000. Point72 Asset Management L.P. purchased a new position in Xometry in the 2nd quarter worth about $55,000. US Bancorp DE lifted its holdings in Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after buying an additional 2,037 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Xometry in the third quarter worth about $153,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XMTR. Royal Bank of Canada upped their price objective on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group increased their price target on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group boosted their price target on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. JMP Securities increased their price objective on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Finally, Citigroup upped their target price on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One research 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, Xometry currently has a consensus rating of “Hold” and a consensus price target of $26.29.

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.