Insider Selling: Xometry, Inc. (NASDAQ:XMTR) COO Sells $39,518.88 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 986 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $40.08, for a total value of $39,518.88. Following the transaction, the chief operating officer now owns 168,933 shares of the company’s stock, valued at approximately $6,770,834.64. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, November 11th, Peter Goguen sold 5,000 shares of Xometry stock. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00.
• 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 transaction 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 transaction of $16,186.80.

Xometry Price Performance

Shares of XMTR opened at $41.67 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $42.00. The stock has a market cap of $2.07 billion, a PE ratio of -39.69 and a beta of 0.83. The firm has a fifty day moving average price of $28.45 and a 200 day moving average price of $20.22.

Institutional Trading of Xometry

Several institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Xometry during the 2nd quarter worth approximately $38,000. ProShare Advisors LLC purchased a new position in shares of Xometry during the second quarter worth approximately $53,000. Point72 Asset Management L.P. purchased a new stake in Xometry in the 2nd quarter valued at $55,000. US Bancorp DE boosted its stake in Xometry by 57.7% during 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 during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Xometry during the 2nd quarter worth $129,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Craig Hallum raised their price target on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a report on Monday, December 16th. Cantor Fitzgerald restated an “underweight” rating and set a $12.00 price target on shares of Xometry in a report on Wednesday, November 6th. Citigroup lifted their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Wedbush restated an “outperform” rating and set a $48.00 target price on shares of Xometry in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.89.

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.