Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells 3,000 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 3,000 shares of Xometry stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $34.50, for a total value of $103,500.00. Following the completion of the transaction, the chief operating officer now owns 164,993 shares of the company’s stock, valued at approximately $5,692,258.50. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 Stock Down 1.6 %

Shares of Xometry stock opened at $33.23 on Friday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The business has a fifty day simple moving average of $35.35 and a 200 day simple moving average of $23.96. The stock has a market cap of $1.65 billion, a PE ratio of -31.65 and a beta of 0.70.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently made changes to their positions in XMTR. SG Americas Securities LLC grew its stake in Xometry by 67.5% in the fourth quarter. SG Americas Securities LLC now owns 13,938 shares of the company’s stock valued at $595,000 after acquiring an additional 5,616 shares during the period. Franklin Resources Inc. grew its stake in Xometry by 32.9% in the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company’s stock valued at $731,000 after acquiring an additional 9,625 shares during the period. Barclays PLC grew its stake in Xometry by 360.9% in the third quarter. Barclays PLC now owns 68,951 shares of the company’s stock valued at $1,266,000 after acquiring an additional 53,991 shares during the period. Geode Capital Management LLC grew its stake in Xometry by 4.3% in the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock valued at $18,291,000 after acquiring an additional 41,341 shares during the period. Finally, Sylebra Capital LLC grew its stake in Xometry by 19.1% in the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after acquiring an additional 288,151 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on XMTR shares. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group boosted their target price on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald restated an “underweight” rating and set a $12.00 target price on shares of Xometry in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Citigroup boosted their target price on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One 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, Xometry has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

About Xometry

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.