James Miln Sells 7,235 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 7,235 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.61, for a total transaction of $192,523.35. Following the completion of the transaction, the chief financial officer now directly owns 131,090 shares of the company’s stock, valued at $3,488,304.90. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, March 4th, James Miln sold 25,852 shares of Xometry stock. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12.
• On Friday, January 3rd, James Miln sold 5,386 shares of Xometry stock. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38.

Xometry Stock Down 4.2 %

Shares of XMTR stock opened at $24.71 on Friday. The stock’s 50-day simple moving average is $34.67 and its 200-day simple moving average is $28.28. 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 firm has a market capitalization of $1.22 billion, a PE ratio of -23.53 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.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Sylebra Capital LLC increased its holdings in shares of Xometry by 2.1% in the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock valued at $78,270,000 after purchasing an additional 37,883 shares during the period. 49 Wealth Management LLC purchased a new stake in shares of Xometry in the fourth quarter worth about $319,000. State of Wyoming boosted its stake in shares of Xometry by 8.2% in 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. Polar Capital Holdings Plc purchased a new stake in shares of Xometry in the fourth quarter worth about $14,070,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Xometry in the fourth quarter worth about $511,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on XMTR shares. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a report on Monday, February 10th. Citigroup cut their price target 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. UBS Group lifted their price target on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Xometry in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and an average price target of $36.11.

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.