Xometry (NASDAQ:XMTR) Shares Gap Down After Insider Selling

Xometry, Inc. (NASDAQ:XMTR) gapped down prior to trading on Tuesday after an insider sold shares in the company. The stock had previously closed at $32.18, but opened at $30.08. Xometry shares last traded at $31.40, with a volume of 62,391 shares trading hands.

Specifically, CTO Matthew Leibel sold 16,564 shares of Xometry stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Emily Rollins sold 3,729 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $29.49, for a total transaction of $109,968.21. Following the completion of the transaction, the director now owns 12,457 shares in the company, valued at approximately $367,356.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, COO Peter Goguen sold 5,000 shares of the business’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 sale, the chief operating officer now directly owns 175,419 shares of the company’s stock, valued at $5,613,408. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XMTR. JMP Securities increased their target price on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Craig Hallum increased their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “underweight” rating and set a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. Finally, UBS Group raised their price target on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Xometry has a consensus rating of “Hold” and a consensus target price of $26.29.

Xometry Stock Performance

The business has a 50 day moving average price of $20.53 and a two-hundred day moving average price of $17.14. The stock has a market cap of $1.53 billion, a PE ratio of -29.48 and a beta of 0.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Institutional Investors Weigh In On Xometry

Several institutional investors have recently modified their holdings of the business. FMR LLC lifted its position in shares of Xometry by 40.2% during the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after buying an additional 1,169,778 shares in the last quarter. Sylebra Capital LLC raised its holdings in Xometry by 134.2% during the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after buying an additional 864,454 shares during the period. Bellecapital International Ltd. purchased a new stake in Xometry during the 2nd quarter valued at $6,281,000. Clearbridge Investments LLC raised its holdings in Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Xometry in the 2nd quarter valued at $2,013,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.