Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler Sells 27,566 Shares

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. This trade represents a 9.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Xometry Price Performance

Xometry stock traded down $0.22 during trading hours on Tuesday, hitting $25.03. The stock had a trading volume of 1,321,614 shares, compared to its average volume of 694,527. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -23.84 and a beta of 0.65. The stock’s fifty day moving average is $35.80 and its two-hundred day moving average is $28.28. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Hedge Funds Weigh In On Xometry

Hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in shares of Xometry in the fourth quarter worth about $27,000. Canada Pension Plan Investment Board purchased a new position in Xometry in the 4th quarter worth approximately $38,000. Comerica Bank grew its position in Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after acquiring an additional 749 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Xometry during the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Xometry during the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. Royal Bank of Canada increased their target price on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. JMP Securities reaffirmed a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Finally, The Goldman Sachs Group increased their price objective on Xometry from $24.00 to $28.00 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 given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.11.

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.