Xometry, Inc. (NASDAQ:XMTR) COO Sells $160,000.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the sale, the chief operating officer now directly owns 175,419 shares in the company, valued at approximately $5,613,408. This represents a 2.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, November 7th, Peter Goguen sold 12,000 shares of Xometry stock. The shares were 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 shares were sold at an average price of $17.22, for a total value of $16,186.80.

Xometry Stock Performance

Shares of Xometry stock opened at $29.59 on Friday. 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 business has a 50-day moving average price of $20.75 and a two-hundred day moving average price of $17.23. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $38.74. The company has a market cap of $1.46 billion, a P/E ratio of -28.18 and a beta of 0.55.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XMTR shares. The Goldman Sachs Group increased their price target on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JMP Securities increased their price target on Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a research note on Thursday. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 price target on shares of Xometry in a research note on Wednesday, November 6th. Craig Hallum raised their target price on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Citigroup raised their target price on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.71.

Institutional Trading of Xometry

A number of large investors have recently bought and sold shares of XMTR. State Board of Administration of Florida Retirement System grew its holdings in Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares during the period. Vanguard Group Inc. grew its holdings in Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after acquiring an additional 76,976 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Xometry in the 1st quarter valued at about $169,000. Clearbridge Investments LLC grew its stake in shares of Xometry by 20.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares during the period. Finally, Sylebra Capital LLC grew its stake in shares of Xometry by 1,005.3% in the 1st quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock valued at $10,882,000 after buying an additional 585,971 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.