James Miln Sells 7,235 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 7,235 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.61, for a total transaction of $192,523.35. Following the transaction, the chief financial officer now directly owns 131,090 shares in the company, valued at $3,488,304.90. The trade was a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

James Miln also recently made the following trade(s):

• On Tuesday, March 4th, James Miln sold 25,852 shares of Xometry stock. The shares were sold at an average price of $24.06, for a total value of $621,999.12.
• On Friday, January 3rd, James Miln sold 5,386 shares of Xometry stock. The stock was sold at an average price of $42.33, for a total value of $227,989.38.

Xometry Stock Performance

Xometry stock traded down $0.22 during midday trading on Tuesday, reaching $25.03. 1,321,614 shares of the stock traded hands, compared to its average volume of 694,527. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -23.84 and a beta of 0.65. The firm has a fifty day moving average price of $35.80 and a two-hundred day moving average price of $28.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on XMTR shares. Wedbush reissued an “outperform” rating and set a $48.00 price target on shares of Xometry in a research report on Friday, December 20th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. Citigroup decreased their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald increased their price objective on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. Finally, Craig Hallum lifted their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating 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 six have assigned a buy rating to the company. According to data from MarketBeat, Xometry has an average rating of “Moderate Buy” and an average target price of $36.11.

Hedge Funds Weigh In On Xometry

Several hedge funds and other institutional investors have recently made changes to their positions in XMTR. Primecap Management Co. CA increased its position in Xometry by 1.7% in the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after acquiring an additional 113,264 shares during the period. Vanguard Group Inc. grew its stake in shares of Xometry by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company’s stock worth $183,151,000 after purchasing an additional 86,997 shares in the last quarter. FMR LLC increased its holdings in shares of Xometry by 40.2% during the third 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. Sylebra Capital LLC raised its stake in shares of Xometry by 2.1% during the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock valued at $78,270,000 after purchasing an additional 37,883 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of Xometry by 20.8% during the third 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 in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.