Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells $24,847.20 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 986 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $25.20, for a total transaction of $24,847.20. Following the transaction, the chief operating officer now directly owns 187,883 shares in the company, valued at $4,734,651.60. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 11th, Peter Goguen sold 3,000 shares of Xometry stock. The stock was sold at an average price of $35.57, for a total transaction of $106,710.00.
• On Wednesday, January 15th, Peter Goguen sold 3,000 shares of Xometry stock. The stock was sold at an average price of $34.50, for a total transaction of $103,500.00.
• On Friday, January 3rd, Peter Goguen sold 940 shares of Xometry stock. The stock was sold at an average price of $42.36, for a total transaction of $39,818.40.

Xometry Price Performance

NASDAQ:XMTR opened at $25.72 on Friday. The stock has a market cap of $1.29 billion, a P/E ratio of -24.50 and a beta of 0.69. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The company has a fifty day moving average price of $31.23 and a 200 day moving average price of $28.69. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Hedge Funds Weigh In On Xometry

Several large investors have recently bought and sold shares of XMTR. Global Retirement Partners LLC acquired a new position in Xometry during the 4th quarter valued at $27,000. Canada Pension Plan Investment Board acquired a new position in Xometry during the 4th quarter valued at $38,000. Comerica Bank raised its stake in Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after purchasing an additional 749 shares during the last quarter. CoreCap Advisors LLC acquired a new position in Xometry during the 4th quarter valued at $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in Xometry during the 4th quarter valued at $73,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on XMTR shares. Cantor Fitzgerald boosted their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 26th. Citigroup decreased their target price on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. UBS Group upped their price objective on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.11.

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.