Insider Selling: Xometry, Inc. (NASDAQ:XMTR) Director Sells $109,968.21 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 3,729 shares of Xometry stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the sale, the director now owns 12,457 shares of the company’s stock, valued at approximately $367,356.93. This represents a 23.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Xometry Stock Performance

Shares of XMTR stock opened at $29.59 on Friday. The company’s fifty day simple moving average is $20.75 and its 200-day simple moving average is $17.23. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.46 billion, a PE ratio of -28.18 and a beta of 0.55. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $38.74.

Institutional Trading of Xometry

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Xometry during the second quarter worth $38,000. ProShare Advisors LLC acquired a new position in shares of Xometry in the second quarter valued at $53,000. Point72 Asset Management L.P. acquired a new position in shares of Xometry in the second quarter valued at $55,000. US Bancorp DE increased its holdings in shares of Xometry by 57.7% in the third 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. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Xometry in the second quarter valued at $129,000. 97.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XMTR has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup boosted their price objective on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Cantor Fitzgerald restated an “underweight” rating and set a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. JMP Securities upped their price target on shares of Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, Royal Bank of Canada upped their price target on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.71.

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.