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 the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total transaction of $106,710.00. Following the sale, the chief operating officer now directly owns 161,993 shares of the company’s stock, valued at approximately $5,762,091.01. The trade was a 1.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, January 15th, Peter Goguen sold 3,000 shares of Xometry stock. The shares were sold at an average price of $34.50, for a total value of $103,500.00.
• 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 stock was sold at an average price of $40.08, for a total transaction of $39,518.88.

Xometry Stock Performance

NASDAQ:XMTR opened at $37.45 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -35.67 and a beta of 0.65. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The stock’s 50 day simple moving average is $36.89 and its two-hundred day simple moving average is $26.82.

Analyst Ratings Changes

XMTR has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Wedbush reissued an “outperform” rating and set a $48.00 price target on shares of Xometry in a report on Friday, December 20th. UBS Group upped their price objective on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Citigroup lifted their target price on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. One 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. According to MarketBeat, Xometry currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Institutional Investors Weigh In On Xometry

Several large investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after buying an additional 1,169,778 shares in the last quarter. First Trust Advisors LP grew its position in Xometry by 2,144.2% in the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company’s stock worth $34,873,000 after acquiring an additional 781,049 shares in the last quarter. Baillie Gifford & Co. bought a new stake in Xometry during the fourth quarter worth approximately $30,297,000. Lord Abbett & CO. LLC purchased a new stake in Xometry during the fourth quarter valued at approximately $17,623,000. Finally, Fred Alger Management LLC lifted its stake in shares of 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 last quarter. 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.