Posted by admin on Aug 19th, 2022
Xometry, Inc. (NASDAQ:XMTR – Get Rating) CRO Bill Cronin sold 17,500 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $49.99, for a total value of $874,825.00. Following the sale, the executive now owns 140,453 shares of the company’s stock, valued at approximately $7,021,245.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NASDAQ XMTR opened at $49.05 on Friday. The stock has a market capitalization of $2.17 billion, a PE ratio of -29.91 and a beta of 0.38. The business has a 50 day simple moving average of $38.16 and a two-hundred day simple moving average of $38.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 6.93 and a quick ratio of 6.90. Xometry, Inc. has a 1-year low of $26.61 and a 1-year high of $74.76.
Several research firms recently issued reports on XMTR. The Goldman Sachs Group increased their target price on Xometry from $44.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Loop Capital cut their target price on Xometry from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Royal Bank of Canada increased their target price on Xometry from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Finally, CL King raised their price target on Xometry from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 11th.
Institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in Xometry during the 1st quarter valued at approximately $33,000. Ensign Peak Advisors Inc purchased a new position in shares of Xometry in the 1st quarter worth approximately $61,000. Alpha Paradigm Partners LLC purchased a new position in shares of Xometry in the 2nd quarter worth approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Xometry in the 1st quarter worth approximately $67,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Xometry by 209.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock worth $70,000 after purchasing an additional 1,296 shares during the period. Hedge funds and other institutional investors own 77.31% of the company’s stock.
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.
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