Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells 986 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 986 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $25.20, for a total transaction of $24,847.20. Following the completion of the transaction, the chief operating officer now owns 187,883 shares of the company’s stock, valued at approximately $4,734,651.60. This represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 11th, Peter Goguen sold 3,000 shares of Xometry stock. The shares were sold at an average price of $35.57, for a total transaction of $106,710.00.
• On Wednesday, January 15th, Peter Goguen sold 3,000 shares of Xometry stock. The shares were sold at an average price of $34.50, for a total transaction of $103,500.00.
• On Friday, January 3rd, Peter Goguen sold 940 shares of Xometry stock. The stock was sold at an average price of $42.36, for a total transaction of $39,818.40.

Xometry Stock Up 0.4 %

Shares of NASDAQ XMTR opened at $25.72 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of -24.50 and a beta of 0.69. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The firm’s 50-day moving average is $31.23 and its 200-day moving average is $28.69.

Analyst Upgrades and Downgrades

XMTR has been the subject of a number of recent analyst reports. 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 report on Friday, January 3rd. Wedbush reiterated an “outperform” rating and set a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. Cantor Fitzgerald increased their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded 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 research report on Wednesday, December 18th. Finally, JMP Securities reiterated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Xometry has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Primecap Management Co. CA boosted its stake in shares of 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 purchasing an additional 113,264 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Xometry by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company’s stock valued at $183,151,000 after acquiring an additional 86,997 shares during the period. FMR LLC raised its position in shares of Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after acquiring an additional 1,169,778 shares during the period. Sylebra Capital LLC raised its position in shares of Xometry by 2.1% in the 4th quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock valued at $78,270,000 after acquiring an additional 37,883 shares during the period. Finally, Fred Alger Management LLC raised its position in shares of Xometry by 20.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after acquiring an additional 312,971 shares during the period. Institutional investors own 97.31% of the company’s stock.

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.