Xometry (NASDAQ:XMTR) Shares Gap Down on Insider Selling

Xometry, Inc. (NASDAQ:XMTR)’s share price gapped down before the market opened on Tuesday after an insider sold shares in the company. The stock had previously closed at $32.18, but opened at $30.08. Xometry shares last traded at $31.40, with a volume of 62,391 shares traded.

Specifically, CTO Matthew Leibel sold 16,564 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total transaction of $498,245.12. Following the completion of the transaction, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at $2,341,908.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Emily Rollins sold 3,729 shares of Xometry stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $29.49, for a total value of $109,968.21. Following the completion of the sale, the director now directly owns 12,457 shares in the company, valued at approximately $367,356.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In other Xometry news, COO Peter Goguen sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the transaction, the chief operating officer now owns 175,419 shares of the company’s stock, valued at $5,613,408. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XMTR. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price objective on shares of Xometry in a research report on Wednesday, November 6th. Craig Hallum lifted their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Citigroup raised their price target on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price objective on Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, UBS Group increased their price target on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Xometry currently has an average rating of “Hold” and a consensus price target of $26.29.

Xometry Stock Performance

The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -29.48 and a beta of 0.55. 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 stock’s 50 day moving average is $20.53 and its 200 day moving average is $17.14.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after acquiring an additional 76,976 shares during the period. Clearbridge Investments LLC grew its position in shares of Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after purchasing an additional 217,939 shares in the last quarter. ARK Investment Management LLC grew its position in shares of Xometry by 74.9% during the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock worth $3,063,000 after purchasing an additional 113,478 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Xometry by 191.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock worth $3,981,000 after purchasing an additional 142,262 shares during the period. Finally, Sylebra Capital LLC raised its position in shares of Xometry by 134.2% in the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after buying an additional 864,454 shares in 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.