Xometry, Inc. (NASDAQ:XMTR) CFO James Miln Sells 25,852 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 25,852 shares of Xometry stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total value of $621,999.12. Following the transaction, the chief financial officer now owns 105,238 shares of the company’s stock, valued at $2,532,026.28. This trade represents a 19.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, February 28th, James Miln sold 7,235 shares of Xometry stock. The shares were sold at an average price of $26.61, for a total value of $192,523.35.
• On Friday, January 3rd, James Miln sold 5,386 shares of Xometry stock. The shares were sold at an average price of $42.33, for a total value of $227,989.38.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $25.03 on Wednesday. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $45.33. The stock’s 50 day moving average price is $35.42 and its 200-day moving average price is $28.33. The company has a market capitalization of $1.24 billion, a PE ratio of -23.84 and a beta of 0.65. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Citigroup cut their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. JMP Securities reiterated a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. UBS Group boosted their target price on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Wedbush restated an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.11.

Institutional Investors Weigh In On Xometry

A number of hedge funds have recently modified their holdings of the stock. Sylebra Capital LLC raised its holdings in shares of Xometry by 2.1% in the 4th quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock worth $78,270,000 after purchasing an additional 37,883 shares during the period. 49 Wealth Management LLC bought a new stake in shares of Xometry in the 4th quarter worth approximately $319,000. State of Wyoming raised its holdings in shares of Xometry by 8.2% in the 4th quarter. State of Wyoming now owns 8,876 shares of the company’s stock worth $379,000 after purchasing an additional 676 shares during the period. Polar Capital Holdings Plc bought a new stake in shares of Xometry in the 4th quarter worth approximately $14,070,000. Finally, ProShare Advisors LLC bought a new stake in shares of Xometry in the 4th quarter worth approximately $511,000. Institutional investors own 97.31% of the company’s stock.

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.