Randolph Altschuler Sells 50,000 Shares of Xometry (NASDAQ:XMTR) Stock

by · The Cerbat Gem

Xometry, Inc. (NASDAQ:XMTR – Get Free Report) CEO Randolph Altschuler sold 50,000 shares of Xometry stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $87.85, for a total value of $4,392,500.00. Following the transaction, the chief executive officer owned 455,248 shares in the company, valued at $39,993,536.80. This represents a 9.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, February 26th, Randolph Altschuler sold 31,928 shares of Xometry stock. The stock was sold at an average price of $43.44, for a total value of $1,386,952.32.

Xometry Stock Up 2.7%

NASDAQ XMTR traded up $2.32 during trading on Friday, reaching $89.21. 415,190 shares of the company’s stock were exchanged, compared to its average volume of 979,249. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. Xometry, Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $93.13. The company’s fifty day simple moving average is $52.78 and its 200-day simple moving average is $56.69. The firm has a market capitalization of $4.62 billion, a PE ratio of -87.46 and a beta of 1.01.

Xometry (NASDAQ:XMTR – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. Sell-side analysts predict that Xometry, Inc. will post -0.24 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on XMTR shares. Royal Bank Of Canada lifted their target price on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Citizens Jmp increased their price objective on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research note on Thursday, April 30th. Finally, UBS Group raised their price target on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.00.

Get Our Latest Stock Analysis on XMTR

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the last quarter. Comerica Bank raised its holdings in Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after buying an additional 173 shares in the last quarter. M&T Bank Corp lifted its position in shares of Xometry by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock worth $510,000 after buying an additional 180 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Xometry by 2.0% in the third quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock worth $713,000 after buying an additional 256 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Xometry by 9.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

About Xometry

(Get Free Report)

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

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