Xometry, Inc. (NASDAQ:XMTR) CEO Randolph Altschuler Sells 27,566 Shares

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Randolph Altschuler sold 27,566 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the transaction, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. This represents a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Xometry Price Performance

XMTR traded down $0.08 on Friday, hitting $24.63. 875,397 shares of the stock were exchanged, compared to its average volume of 690,464. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The business has a 50-day moving average of $34.67 and a two-hundred day moving average of $28.28. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -23.46 and a beta of 0.69.

Analysts Set New Price Targets

XMTR has been the topic of several research reports. Cantor Fitzgerald upped their price objective on shares of Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a report on Wednesday, February 26th. Citigroup decreased their price objective on shares of Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Wedbush reissued an "outperform" rating and issued a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. UBS Group boosted their target price 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. Finally, Royal Bank of Canada boosted their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Xometry presently has a consensus rating of "Moderate Buy" and an average target price of $36.11.

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Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Xometry during the fourth quarter worth about $27,000. Canada Pension Plan Investment Board bought a new stake in Xometry during the fourth quarter worth about $38,000. Comerica Bank lifted its position in Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after purchasing an additional 749 shares during the period. CoreCap Advisors LLC bought a new position in shares of Xometry in the fourth quarter worth about $51,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Xometry in the fourth quarter worth about $73,000. 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.