Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells $103,500.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total value of $103,500.00. Following the sale, the chief operating officer now directly owns 164,993 shares of the company’s stock, valued at $5,692,258.50. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.
• On Wednesday, December 18th, Peter Goguen sold 986 shares of Xometry stock. The shares were sold at an average price of $40.08, for a total value of $39,518.88.
• On Monday, November 11th, Peter Goguen sold 5,000 shares of Xometry stock. The shares were sold at an average price of $32.00, for a total value of $160,000.00.
• 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 value of $354,600.00.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $33.23 on Friday. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The firm has a market capitalization of $1.65 billion, a PE ratio of -31.65 and a beta of 0.70. The business’s 50 day moving average is $35.35 and its 200-day moving average is $23.96. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Analysts Set New Price Targets

A number of brokerages have recently commented on XMTR. Cantor Fitzgerald reissued an “underweight” rating and set a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Citigroup raised 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. UBS Group raised their target price on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their target price on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Xometry has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Institutional Trading of Xometry

Institutional investors have recently modified their holdings of the company. ProShare Advisors LLC bought a new position in shares of Xometry during the 2nd quarter worth approximately $53,000. Point72 Asset Management L.P. bought a new position in shares of Xometry during the 2nd quarter worth approximately $55,000. US Bancorp DE lifted its position in shares of Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares during the period. SG Americas Securities LLC bought a new position in shares of Xometry during the 3rd quarter worth approximately $153,000. Finally, Palumbo Wealth Management LLC bought a new position in shares of Xometry during the 3rd quarter worth approximately $191,000. Institutional investors and hedge funds 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.