Xometry President Sells 26,190 Shares for $1.71 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
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Source: NASDAQ.COM
- Share Sale: Xometry President Sanjeev Singh Sahni sold 26,190 shares on Thursday for a total of $1.71 million, reducing his direct ownership by 29.3%, which indicates a strategic liquidity move amidst strong stock performance.
- Market Performance: The transaction was executed at a weighted average price of $65.47 per share according to SEC Form 4, while Thursday's market close was $62.89, suggesting that despite the sale, Xometry's stock remains robust compared to market averages, reflecting strong investor confidence.
- Financial Health: Xometry reported record third-quarter revenue of $180.7 million, a 28% year-over-year increase driven by a 31% rise in marketplace revenue, with gross margin expanding to 35.7%, indicating improved profitability and operational leverage.
- Future Outlook: The company ended the quarter with $225 million in cash and marketable securities and raised its full-year guidance, demonstrating confidence in sustained growth and margin expansion, thereby solidifying its competitive position in the digital manufacturing sector.
Analyst Views on XMTR
Wall Street analysts forecast XMTR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for XMTR is 61.14 USD with a low forecast of 48.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
4 Buy
4 Hold
0 Sell
Moderate Buy
Current: 62.640
Low
48.00
Averages
61.14
High
75.00
Current: 62.640
Low
48.00
Averages
61.14
High
75.00
About XMTR
Xometry, Inc. provides an artificial intelligence (AI)-powered marketplace, the Thomasnet.com industrial sourcing platform and a suite of cloud-based services. The Company provides manufacturers with the critical resources they need to grow their business and makes it easy for buyers to create locally resilient supply chains. It connects buyers with suppliers of manufacturing services. Xometry Instant Quoting Engine leverages millions of pieces of data to analyze complex parts in real-time, matches buyers with the right suppliers globally, and provides pricing and lead times. Its AI-enabled technology platform is powered by machine learning algorithms and datasets, resulting in a two-sided marketplace. It uses technology to enable product designers, engineers, buyers, and supply chain professionals to access the capacity of a global network of manufacturing facilities. Its suppliers’ capabilities include computer numerical control manufacturing, and sheet cutting, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
