Xometry, Inc. (NASDAQ:XMTR) COO Sells $103,500.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 3,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $34.50, for a total value of $103,500.00. Following the transaction, the chief operating officer now directly owns 164,993 shares of the company’s stock, valued at $5,692,258.50. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $39,818.40.
• On Wednesday, December 18th, Peter Goguen sold 986 shares of Xometry stock. The shares were sold at an average price of $40.08, for a total value of $39,518.88.
• On Monday, November 11th, Peter Goguen sold 5,000 shares of Xometry stock. The stock was 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.

Xometry Trading Down 1.1 %

NASDAQ:XMTR opened at $33.77 on Friday. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The stock’s fifty day moving average is $35.23 and its two-hundred day moving average is $23.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group upped their price target on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “underweight” rating and set a $12.00 price objective on shares of Xometry in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Institutional Trading of Xometry

Several institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC purchased a new position in Xometry during the second quarter worth about $53,000. Point72 Asset Management L.P. acquired a new position in shares of Xometry in the 2nd quarter worth approximately $55,000. US Bancorp DE boosted its position in shares of 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. SG Americas Securities LLC acquired a new stake in Xometry in the 3rd quarter valued at approximately $153,000. Finally, Palumbo Wealth Management LLC acquired a new stake in Xometry in the 3rd quarter valued at approximately $191,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.