Sanjeev Singh Sahni Sells 26,190 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) President Sanjeev Singh Sahni sold 26,190 shares of Xometry stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the completion of the sale, the president directly owned 63,130 shares of the company’s stock, valued at approximately $4,133,121.10. This trade represents a 29.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Sanjeev Singh Sahni also recently made the following trade(s):

• On Monday, January 5th, Sanjeev Singh Sahni sold 4,446 shares of Xometry stock. The shares were sold at an average price of $66.57, for a total value of $295,970.22.

Xometry Stock Performance

XMTR stock opened at $62.89 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.62 and a quick ratio of 3.58. Xometry, Inc. has a 1 year low of $18.59 and a 1 year high of $69.26. The company has a market cap of $3.22 billion, a P/E ratio of -50.31 and a beta of 0.86. The stock’s fifty day moving average price is $60.74 and its 200-day moving average price is $50.19.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $180.72 million during the quarter, compared to analysts’ expectations of $168.25 million. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.Xometry’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, equities analysts forecast that Xometry, Inc. will post -0.66 earnings per share for the current year.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently bought and sold shares of XMTR. Harbour Capital Advisors LLC purchased a new position in shares of Xometry in the fourth quarter valued at about $610,000. GAMMA Investing LLC raised its stake in Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the period. Tudor Investment Corp ET AL bought a new stake in Xometry during the 3rd quarter valued at approximately $467,000. Polar Asset Management Partners Inc. purchased a new position in Xometry in the 3rd quarter worth approximately $2,623,000. Finally, CIBC Bancorp USA Inc. bought a new position in Xometry in the 3rd quarter worth approximately $253,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on XMTR shares. Wedbush upped their target price on shares of Xometry from $48.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. JMP Securities set a $75.00 price objective on Xometry in a research note on Wednesday, November 5th. Citizens Jmp raised their target price on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. The Goldman Sachs Group boosted their price target on Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. raised their price objective on Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Xometry has a consensus rating of “Hold” and a consensus price target of $57.89.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.