Randolph Altschuler Sells 27,566 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now directly owns 256,570 shares in the company, valued at $6,824,762. This trade represents a 9.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Xometry Stock Down 0.9 %

XMTR stock opened at $25.03 on Wednesday. The firm has a 50 day moving average of $35.42 and a 200 day moving average of $28.33. The stock has a market capitalization of $1.24 billion, a PE ratio of -23.84 and a beta of 0.65. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33.

Institutional Trading of Xometry

A number of institutional investors have recently bought and sold shares of XMTR. US Bancorp DE boosted its stake in Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after purchasing an additional 2,037 shares in the last quarter. ARK Investment Management LLC lifted its stake in Xometry by 7.2% during the 3rd quarter. ARK Investment Management LLC now owns 284,134 shares of the company’s stock valued at $5,220,000 after acquiring an additional 19,197 shares during the period. Versor Investments LP acquired a new stake in Xometry during the 3rd quarter valued at approximately $411,000. GSA Capital Partners LLP acquired a new stake in Xometry during the 3rd quarter valued at approximately $1,069,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Xometry during the 3rd quarter valued at approximately $355,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. Craig Hallum lifted their price objective on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wedbush reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a research report on Friday, December 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. Finally, UBS Group lifted their price objective on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.11.

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.