Xometry, Inc. (NASDAQ:XMTR) COO Sells $23,641.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 940 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $25.15, for a total transaction of $23,641.00. Following the completion of the transaction, the chief operating officer now owns 186,943 shares in the company, valued at $4,701,616.45. This represents a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 18th, Peter Goguen sold 986 shares of Xometry stock. The stock was sold at an average price of $25.20, for a total value of $24,847.20.
• 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 value of $106,710.00.
• On Wednesday, January 15th, Peter Goguen sold 3,000 shares of Xometry stock. The shares were sold at an average price of $34.50, for a total transaction of $103,500.00.

Xometry Price Performance

NASDAQ XMTR opened at $19.98 on Friday. The company has a 50-day moving average price of $29.56 and a 200-day moving average price of $29.16. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.01 billion, a P/E ratio of -19.03 and a beta of 0.69.

Hedge Funds Weigh In On Xometry

Several large investors have recently added to or reduced their stakes in XMTR. FMR LLC grew its position in shares of Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after purchasing an additional 1,169,778 shares in the last quarter. First Trust Advisors LP grew its holdings in Xometry by 2,144.2% during the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company’s stock valued at $34,873,000 after buying an additional 781,049 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Xometry during the fourth quarter valued at approximately $30,297,000. Ameriprise Financial Inc. raised its position in shares of Xometry by 225.7% during the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company’s stock valued at $36,381,000 after buying an additional 590,974 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Xometry in the fourth quarter worth $17,623,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Cantor Fitzgerald upped their target price on Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, February 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Finally, Citigroup decreased their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Xometry presently has an average rating of “Moderate Buy” and an average 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.