Xometry, Inc. (NASDAQ:XMTR) CFO James Miln Sells 7,235 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 7,235 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.61, for a total transaction of $192,523.35. Following the transaction, the chief financial officer now owns 131,090 shares in the company, valued at approximately $3,488,304.90. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 4th, James Miln sold 25,852 shares of Xometry stock. The stock was sold at an average price of $24.06, for a total value of $621,999.12.
• 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 Xometry stock opened at $25.03 on Wednesday. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33. The stock has a market capitalization of $1.24 billion, a P/E ratio of -23.84 and a beta of 0.65. The company has a 50-day simple moving average of $35.42 and a 200 day simple moving average of $28.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Analyst Upgrades and Downgrades

XMTR has been the topic of several recent research reports. Wedbush reissued an “outperform” rating and set a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. Royal Bank of Canada lifted their price target on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. Cantor Fitzgerald boosted their price target on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, Citigroup lowered their target price on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Xometry presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.11.

Institutional Trading of Xometry

Hedge funds have recently modified their holdings of the company. FMR LLC raised its stake in shares of Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after acquiring an additional 1,169,778 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Xometry by 2,144.2% in the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company’s stock valued at $34,873,000 after purchasing an additional 781,049 shares in the last quarter. Baillie Gifford & Co. bought a new position in Xometry in the 4th quarter worth approximately $30,297,000. Ameriprise Financial Inc. lifted its holdings in Xometry by 225.7% during the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company’s stock worth $36,381,000 after buying an additional 590,974 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Xometry during the 4th quarter worth $17,623,000. Institutional investors and hedge funds 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.