James Miln Sells 1,346 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,346 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total transaction of $33,824.98. Following the completion of the sale, the chief financial officer now directly owns 144,713 shares in the company, valued at approximately $3,636,637.69. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 value of $621,999.12.
• 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 value of $192,523.35.

Xometry Trading Down 7.8 %

XMTR stock opened at $19.98 on Friday. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33. The business’s 50-day moving average is $29.56 and its 200 day moving average is $29.23. 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 stock has a market cap of $1.01 billion, a price-to-earnings ratio of -19.03 and a beta of 0.72.

Institutional Trading of Xometry

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in Xometry by 5.4% in the 4th quarter. California State Teachers Retirement System now owns 39,288 shares of the company’s stock valued at $1,676,000 after purchasing an additional 2,015 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of Xometry in the fourth quarter worth about $159,000. Sylebra Capital LLC boosted its position in Xometry by 2.1% during the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock worth $78,270,000 after acquiring an additional 37,883 shares during the last quarter. 49 Wealth Management LLC purchased a new stake in Xometry during the 4th quarter valued at about $319,000. Finally, State of Wyoming raised its holdings in Xometry by 8.2% in the 4th quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after acquiring an additional 676 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group raised their price objective on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Cantor Fitzgerald lifted 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. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. Citigroup dropped their target price on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, 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. One 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.