Xometry, Inc. (NASDAQ:XMTR) COO Sells $39,518.88 in Stock

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) COO Peter Goguen sold 986 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total value of $39,518.88. Following the completion of the transaction, the chief operating officer now owns 168,933 shares in the company, valued at $6,770,834.64. This represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 11th, Peter Goguen sold 5,000 shares of Xometry stock. The shares were 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 stock was sold at an average price of $29.55, for a total transaction of $354,600.00.
• On Thursday, October 3rd, Peter Goguen sold 940 shares of Xometry stock. The shares were sold at an average price of $17.22, for a total transaction of $16,186.80.

Xometry Stock Performance

Xometry stock traded down $0.22 on Thursday, reaching $36.60. 631,770 shares of the stock were exchanged, compared to its average volume of 598,528. The stock has a market cap of $1.81 billion, a PE ratio of -34.86 and a beta of 0.83. The firm has a fifty day moving average price of $27.98 and a two-hundred day moving average price of $20.04. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $41.43. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XMTR. JMP Securities restated a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a research note on Monday. The Goldman Sachs Group boosted their price target on Xometry from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Craig Hallum increased their price objective on Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. UBS Group boosted their target price on shares of Xometry from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price target on shares of Xometry from $23.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.88.

Institutional Trading of Xometry

Several hedge funds have recently added to or reduced their stakes in XMTR. Bank of New York Mellon Corp increased its holdings in shares of Xometry by 21.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,522 shares of the company's stock worth $1,624,000 after purchasing an additional 25,247 shares during the period. ARK Investment Management LLC raised its holdings in Xometry by 74.9% in the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company's stock valued at $3,063,000 after acquiring an additional 113,478 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in Xometry in the 2nd quarter valued at approximately $330,000. Commonwealth Equity Services LLC lifted its position in shares of Xometry by 66.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 25,403 shares of the company's stock worth $294,000 after acquiring an additional 10,103 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Xometry during the 2nd quarter worth approximately $38,000. Institutional investors own 97.31% of the company's stock.

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.