James Miln Sells 25,852 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 25,852 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the sale, the chief financial officer now directly owns 105,238 shares in the company, valued at approximately $2,532,026.28. The trade was a 19.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

James Miln also recently made the following trade(s):

• On Friday, February 28th, James Miln sold 7,235 shares of Xometry stock. The shares were sold at an average price of $26.61, for a total transaction of $192,523.35.
• On Friday, January 3rd, James Miln sold 5,386 shares of Xometry stock. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38.

Xometry Stock Up 3.1 %

Shares of Xometry stock opened at $25.80 on Thursday. 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 company’s fifty day simple moving average is $35.07 and its two-hundred day simple moving average is $28.31. The company has a market cap of $1.28 billion, a P/E ratio of -24.57 and a beta of 0.65. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33.

Analyst Ratings Changes

XMTR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Citigroup lowered their target price on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. UBS Group increased their price target on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Craig Hallum increased 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. Finally, Wedbush reiterated an “outperform” rating and set a $48.00 price target on shares of Xometry in a research report on Friday, December 20th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.11.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in Xometry during the 4th quarter valued at $27,000. Canada Pension Plan Investment Board purchased a new stake in shares of Xometry in the 4th quarter worth about $38,000. Comerica Bank grew its position 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 buying an additional 749 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Xometry in the 4th quarter worth about $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Xometry in the 4th quarter worth about $73,000. 97.31% of the stock is 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.