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

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 986 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total transaction of $39,518.88. Following the completion of the sale, the chief operating officer now owns 168,933 shares in the company, valued at approximately $6,770,834.64. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, November 11th, Peter Goguen sold 5,000 shares of Xometry stock. The shares were sold at an average price of $32.00, for a total value of $160,000.00.
• On Thursday, November 7th, Peter Goguen sold 12,000 shares of Xometry stock. The stock was sold at an average price of $29.55, for a total value of $354,600.00.
• On Thursday, October 3rd, Peter Goguen sold 940 shares of Xometry stock. The stock was sold at an average price of $17.22, for a total value of $16,186.80.

Xometry Price Performance

Shares of XMTR traded down $0.22 during mid-day trading on Thursday, hitting $36.60. 631,770 shares of the company traded hands, compared to its average volume of 598,054. 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 has a market capitalization of $1.81 billion, a price-to-earnings ratio of -34.86 and a beta of 0.83. The business has a 50-day moving average of $27.60 and a 200 day moving average of $19.92. Xometry, Inc. has a one year low of $11.08 and a one year high of $41.43.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XMTR shares. Royal Bank of Canada increased their price objective on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Cantor Fitzgerald reissued an “underweight” rating and set a $12.00 price target on shares of Xometry in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $25.00 to $45.00 in a report on Wednesday. Craig Hallum raised their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XMTR. FMR LLC raised its stake in Xometry by 40.2% during the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after buying an additional 1,169,778 shares during the period. Sylebra Capital LLC raised its position in shares of Xometry by 134.2% during the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after purchasing an additional 864,454 shares during the period. Fred Alger Management LLC grew 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 purchasing an additional 312,971 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Xometry during the 2nd quarter worth approximately $2,013,000. Finally, Squarepoint Ops LLC lifted its stake in Xometry by 227.7% in the second quarter. Squarepoint Ops LLC now owns 249,025 shares of the company’s stock valued at $2,879,000 after buying an additional 173,042 shares in the last quarter. 97.31% of the stock is currently owned by 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.