Randolph Altschuler Sells 20,000 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Posted by MarketBeat News on Aug 4th, 2022

Xometry logo Xometry, Inc. (NASDAQ:XMTR – Get Rating) CEO Randolph Altschuler sold 20,000 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $38.31, for a total transaction of $766,200.00. Following the sale, the chief executive officer now directly owns 97,582 shares of the company’s stock, valued at approximately $3,738,366.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Randolph Altschuler also recently made the following trade(s):

On Friday, July 1st, Randolph Altschuler sold 20,000 shares of Xometry stock. The shares were sold at an average price of $32.96, for a total transaction of $659,200.00.
On Wednesday, June 8th, Randolph Altschuler sold 22,715 shares of Xometry stock. The shares were sold at an average price of $35.03, for a total transaction of $795,706.45.

Xometry Trading Up 4.2 %

Shares of Xometry stock opened at $42.36 on Thursday. The company has a current ratio of 7.86, a quick ratio of 7.82 and a debt-to-equity ratio of 0.68. Xometry, Inc. has a 12-month low of $26.61 and a 12-month high of $80.88. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -15.40 and a beta of 0.38. The firm’s 50 day simple moving average is $34.97 and its two-hundred day simple moving average is $38.47.

Xometry (NASDAQ:XMTR – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.09. The firm had revenue of $83.67 million for the quarter, compared to analyst estimates of $81.02 million. Xometry had a negative net margin of 27.47% and a negative return on equity of 23.42%. Analysts predict that Xometry, Inc. will post -1.02 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on XMTR shares. CL King decreased their target price on shares of Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th. The Goldman Sachs Group cut their price target on shares of Xometry from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, June 9th. Finally, Loop Capital cut their price target on shares of Xometry from $50.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th.

Institutional Trading of Xometry

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. acquired a new stake in shares of Xometry in the first quarter worth $33,000. LVW Advisors LLC increased its stake in shares of Xometry by 11.4% in the second quarter. LVW Advisors LLC now owns 9,326 shares of the company’s stock worth $316,000 after acquiring an additional 951 shares during the period. Yarbrough Capital LLC increased its stake in shares of Xometry by 20.8% in the first quarter. Yarbrough Capital LLC now owns 7,249 shares of the company’s stock worth $266,000 after acquiring an additional 1,250 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Xometry by 209.7% in the first quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock worth $70,000 after acquiring an additional 1,296 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Xometry by 1.2% in the first quarter. Principal Financial Group Inc. now owns 112,080 shares of the company’s stock worth $4,119,000 after acquiring an additional 1,300 shares during the period. Institutional investors and hedge funds own 77.31% of the company’s stock.

Xometry Company Profile

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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.