Xometry, Inc. (NASDAQ:XMTR) CFO James M. Rallo Sells 10,000 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR – Get Rating) CFO James M. Rallo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $37.63, for a total transaction of $376,300.00. Following the transaction, the chief financial officer now owns 21,687 shares of the company’s stock, valued at approximately $816,081.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Xometry Stock Performance

NASDAQ XMTR opened at $38.95 on Tuesday. The company has a fifty day simple moving average of $34.78 and a 200 day simple moving average of $38.45. Xometry, Inc. has a 12-month low of $26.61 and a 12-month high of $83.21. The company has a current ratio of 7.86, a quick ratio of 7.82 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.73 billion, a P/E ratio of -14.16 and a beta of 0.38.

Xometry (NASDAQ:XMTR – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.09. Xometry had a negative net margin of 27.47% and a negative return on equity of 23.42%. The business had revenue of $83.67 million during the quarter, compared to the consensus estimate of $81.02 million. Sell-side analysts predict that Xometry, Inc. will post -1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Xometry from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, June 9th. Loop Capital reduced their price objective on shares of Xometry from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Finally, CL King reduced their price objective on shares of Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th.

Institutional Trading of Xometry

Several hedge funds have recently bought and sold shares of the business. Compass Financial Advisors LLC purchased a new position in Xometry during the 1st quarter worth $287,000. Primecap Management Co. CA boosted its holdings in Xometry by 142.2% during the 4th quarter. Primecap Management Co. CA now owns 691,340 shares of the company’s stock worth $35,431,000 after acquiring an additional 405,840 shares during the last quarter. Georgetown University purchased a new position in Xometry during the 4th quarter worth $364,000. New York State Common Retirement Fund boosted its holdings in Xometry by 98.6% during the 4th quarter. New York State Common Retirement Fund now owns 5,758 shares of the company’s stock worth $295,000 after acquiring an additional 2,858 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Xometry by 104.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 162,342 shares of the company’s stock worth $8,320,000 after acquiring an additional 83,079 shares during the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.

About Xometry

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Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.