James Miln Sells 25,852 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 25,852 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the sale, the chief financial officer now directly owns 105,238 shares of the company’s stock, valued at approximately $2,532,026.28. The trade was a 19.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, February 28th, James Miln sold 7,235 shares of Xometry stock. The stock was sold at an average price of $26.61, for a total value of $192,523.35.
• On Friday, January 3rd, James Miln sold 5,386 shares of Xometry stock. The shares were sold at an average price of $42.33, for a total value of $227,989.38.

Xometry Trading Down 0.9 %

Shares of NASDAQ:XMTR traded down $0.22 during mid-day trading on Tuesday, reaching $25.03. 1,321,614 shares of the company’s stock were exchanged, compared to its average volume of 694,527. 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 twelve month low of $11.08 and a twelve month high of $45.33. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -23.84 and a beta of 0.65. The business’s fifty day moving average price is $35.80 and its 200-day moving average price is $28.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sylebra Capital LLC increased its stake in shares of Xometry by 2.1% in the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock valued at $78,270,000 after buying an additional 37,883 shares during the period. 49 Wealth Management LLC acquired a new position in shares of Xometry in the fourth quarter worth approximately $319,000. State of Wyoming boosted its holdings in Xometry by 8.2% in the fourth quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after acquiring an additional 676 shares during the last quarter. Polar Capital Holdings Plc acquired a new stake in Xometry during the 4th quarter valued at approximately $14,070,000. Finally, ProShare Advisors LLC bought a new position in Xometry during the 4th quarter worth approximately $511,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on XMTR shares. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. Royal Bank of Canada raised their target price on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group upped their price target on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup dropped their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Craig Hallum boosted their price objective on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

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.