Posted by admin on Jul 6th, 2022
Xometry, Inc. (NASDAQ:XMTR – Get Rating) Director George Hornig sold 10,000 shares of Xometry stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the sale, the director now owns 114,851 shares in the company, valued at $3,867,033.17. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
George Hornig also recently made the following trade(s):
NASDAQ:XMTR opened at $34.00 on Wednesday. The company has a fifty day moving average of $33.38 and a 200-day moving average of $40.72. The firm has a market capitalization of $1.51 billion and a P/E ratio of -12.36. The company has a quick ratio of 7.82, a current ratio of 7.86 and a debt-to-equity ratio of 0.68. Xometry, Inc. has a twelve month low of $26.61 and a twelve month high of $83.21.
Several equities research analysts recently commented on the stock. The Goldman Sachs Group cut their target price on shares of Xometry from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, June 9th. Loop Capital assumed coverage on shares of Xometry in a research report on Monday, April 11th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, CL King dropped their price target on shares of Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $70.83.
Large investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC increased its stake in shares of Xometry by 12.3% in the 4th quarter. ARK Investment Management LLC now owns 270,553 shares of the company’s stock valued at $13,866,000 after acquiring an additional 29,606 shares in the last quarter. Primecap Management Co. CA increased its stake in Xometry by 142.2% during the 4th quarter. Primecap Management Co. CA now owns 691,340 shares of the company’s stock valued at $35,431,000 after purchasing an additional 405,840 shares in the last quarter. Georgetown University bought a new stake in Xometry during the 4th quarter valued at $364,000. New York State Common Retirement Fund increased its stake 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 valued at $295,000 after purchasing an additional 2,858 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Xometry by 104.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 162,342 shares of the company’s stock valued at $8,320,000 after purchasing an additional 83,079 shares in the last quarter. 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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