Peter Goguen Sells 940 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 940 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 186,943 shares in the company, valued at approximately $4,701,616.45. This trade represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 transaction 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 Stock Performance

NASDAQ:XMTR opened at $19.98 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock has a market capitalization of $1.01 billion, a PE ratio of -19.03 and a beta of 0.69. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company has a fifty day moving average of $29.56 and a two-hundred day moving average of $29.16.

Analyst Upgrades and Downgrades

XMTR has been the topic of several research analyst reports. Citigroup cut their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. UBS Group raised their price target on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their price objective on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. Wedbush reaffirmed an “outperform” rating and set a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. One equities 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.11.

Institutional Investors Weigh In On Xometry

A number of hedge funds have recently modified their holdings of XMTR. Summit Investment Advisors Inc. boosted its holdings in shares of Xometry by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock worth $190,000 after purchasing an additional 333 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Xometry during the fourth quarter worth approximately $27,000. State of Wyoming boosted its stake in Xometry by 8.2% during the fourth quarter. State of Wyoming now owns 8,876 shares of the company’s stock worth $379,000 after buying an additional 676 shares during the last quarter. Comerica Bank increased its stake in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock worth $48,000 after acquiring an additional 749 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Xometry by 7.9% during the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock worth $520,000 after acquiring an additional 891 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.