Insider Selling: Xometry, Inc. (NASDAQ:XMTR) Director Sells 3,729 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 3,729 shares of the company’s stock in a transaction on 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 represents a 23.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Xometry Stock Down 4.4 %

Shares of NASDAQ XMTR opened at $29.59 on Friday. The company has a 50 day simple moving average of $20.75 and a 200 day simple moving average of $17.23. The firm has a market cap of $1.46 billion, a PE ratio of -28.18 and a beta of 0.55. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $38.74. 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 Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Primecap Management Co. CA grew its position in shares of Xometry by 1.7% during the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after buying an additional 113,264 shares during the period. FMR LLC grew its position in Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after purchasing an additional 1,169,778 shares during the period. Vanguard Group Inc. grew its position in Xometry by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after purchasing an additional 76,976 shares during the period. Fred Alger Management LLC grew its position in Xometry by 20.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after purchasing an additional 312,971 shares during the period. Finally, Sylebra Capital LLC grew its position in Xometry by 134.2% in the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after purchasing an additional 864,454 shares during the period. Institutional investors own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of 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 upped their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup upped their price target on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JMP Securities upped their price target on shares of Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a research note on Thursday. Finally, Cantor Fitzgerald restated an “underweight” rating and issued a $12.00 price target on shares of Xometry in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.71.

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.