Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells $39,818.40 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 940 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total value of $39,818.40. Following the sale, the chief operating officer now directly owns 167,993 shares of the company’s stock, valued at $7,116,183.48. This represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, December 18th, Peter Goguen sold 986 shares of Xometry stock. The shares were sold at an average price of $40.08, for a total value of $39,518.88.
• On Monday, November 11th, Peter Goguen sold 5,000 shares of Xometry stock. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00.
• On Thursday, November 7th, Peter Goguen sold 12,000 shares of Xometry stock. The shares were sold at an average price of $29.55, for a total transaction of $354,600.00.

Xometry Trading Down 6.2 %

Shares of XMTR opened at $36.54 on Thursday. The stock has a market capitalization of $1.81 billion, a PE ratio of -34.80 and a beta of 0.70. The company’s fifty day moving average is $34.24 and its 200 day moving average is $22.88. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33.

Analysts Set New Price Targets

Several brokerages have recently commented on XMTR. Citigroup raised their price objective on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report 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. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group increased their target price on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Institutional Trading of Xometry

Several hedge funds have recently made changes to their positions in XMTR. ProShare Advisors LLC purchased a new position in Xometry in the second quarter worth about $53,000. Point72 Asset Management L.P. purchased a new position in shares of Xometry in the 2nd quarter worth approximately $55,000. US Bancorp DE increased its position in shares of Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after purchasing an additional 2,037 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Xometry during the 2nd quarter valued at $129,000. Finally, SG Americas Securities LLC bought a new stake in Xometry in the third quarter worth $153,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.