Xometry, Inc. (NASDAQ:XMTR – Get Rating) CRO Bill Cronin sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $61.70, for a total value of $771,250.00. Following the completion of the sale, the executive now owns 120,453 shares in the company, valued at $7,431,950.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Bill Cronin also recently made the following trade(s):

• On Monday, August 15th, Bill Cronin sold 17,500 shares of Xometry stock. The shares were sold at an average price of $49.99, for a total value of $874,825.00.

Xometry Stock Performance

Shares of NASDAQ XMTR opened at $60.05 on Friday. The company has a quick ratio of 6.90, a current ratio of 6.93 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -36.62 and a beta of 0.04. The stock's fifty day simple moving average is $48.15 and its 200 day simple moving average is $39.62. Xometry, Inc. has a 52-week low of $26.61 and a 52-week high of $64.35.

Wall Street Analyst Weigh In

Several analysts recently commented on XMTR shares. CL King raised their target price on Xometry from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 11th. Loop Capital lowered their price target on Xometry from $50.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, July 19th. JPMorgan Chase & Co. lowered their price target on Xometry from $100.00 to $65.00 in a research report on Wednesday, August 24th. The Goldman Sachs Group lifted their price target on Xometry from $44.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, August 11th. Finally, Royal Bank of Canada lifted their price target on Xometry from $46.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, August 11th.

Hedge Funds Weigh In On Xometry

A number of hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in shares of Xometry in the 1st quarter worth $33,000. LVW Advisors LLC grew its holdings in shares of Xometry by 11.4% in the 2nd 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 last quarter. Yarbrough Capital LLC boosted its position 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 buying an additional 1,250 shares during the period. Ameritas Investment Partners Inc. boosted its position 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 buying an additional 1,296 shares during the period. Finally, Principal Financial Group Inc. boosted its position 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 buying an additional 1,300 shares during the period. 95.80% of the stock is currently owned by institutional investors and hedge funds.

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.

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