Xometry, Inc. (NASDAQ:XMTR) COO Sells $354,600.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) COO Peter Goguen sold 12,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $29.55, for a total value of $354,600.00. Following the sale, the chief operating officer now owns 180,419 shares of the company’s stock, valued at approximately $5,331,381.45. The trade was a 6.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $160,000.00.
• On Thursday, October 3rd, Peter Goguen sold 940 shares of Xometry stock. The stock was sold at an average price of $17.22, for a total transaction of $16,186.80.

Xometry Trading Down 4.4 %

XMTR stock opened at $29.59 on Friday. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $38.74. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $20.75 and its 200-day moving average is $17.23. The firm has a market cap of $1.46 billion, a P/E ratio of -28.18 and a beta of 0.55.

Analysts Set New Price Targets

XMTR has been the subject of a number of research reports. UBS Group increased their price target on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their target price on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Craig Hallum boosted their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JMP Securities upped their price target on Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, Citigroup lifted their price objective on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.71.

Institutional Trading of Xometry

A number of large investors have recently bought and sold shares of XMTR. Fred Alger Management LLC lifted its holdings in shares of Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after acquiring an additional 312,971 shares during the period. Verition Fund Management LLC bought a new position in Xometry during the 3rd quarter valued at about $383,000. FMR LLC boosted its position in Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after buying an additional 1,169,778 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Xometry by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock worth $6,519,000 after buying an additional 16,396 shares during the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after buying an additional 113,264 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

About Xometry

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.