On November 21, 2023, Matthew Leibel, the Chief Technology Officer of Xometry, made a significant move in the stock market. He sold 24,116 shares of Xometry, amounting to a substantial $422,854. This transaction was reported in a Form 4 filing with the U.S. Securities and Exchange Commission on November 20.
At present, Xometry shares are trading at $19.74, making this sale a notable event for investors to consider. Insider transactions, such as this one, often provide valuable insights into the expectations and sentiments of company insiders regarding the stock. However, it is crucial to remember that insider sells can occur for various reasons and may not necessarily indicate a negative outlook on the stock.
Investors typically pay close attention to transactions that take place in the open market, as they are reflected in Table I of the Form 4 filing. These transactions can serve as a gauge of insider sentiment. Over the past 24 months, insiders have sold a total of 726,480 Xometry shares, totaling an impressive $31,225,133.83. In the last three months alone, corporate insiders have sold shares worth $58.8K.
In a separate transaction, Peter Goguen, the Chief Operating Officer of Xometry, sold 298 shares at a price of $16.04 per share on October 24, 2023. This transaction further adds to the overall insider activity surrounding Xometry.
For more comprehensive information on insider ownership and holdings, interested parties can refer to the latest updated list of insiders for Xometry, Inc. on Yahoo Finance.
Xometry, Inc.
XMTR
Buy
Updated on: 04/12/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
XMTR Stock Performance on November 21, 2023: Mixed Fluctuations and Robust Revenue Growth
XMTR Stock Performance on November 21, 2023:
On November 21, 2023, XMTR stock had a mixed performance, with some fluctuations throughout the trading day. The stock opened at $19.43 and fluctuated between $19.19 and $20.01. The trading volume for the day was 14,960 shares, significantly lower than the average volume over the past three months. XMTR has a market capitalization of $810.3 million. The company’s financial performance has shown mixed results, with a negative earnings growth in the previous year but a positive growth expected for the current year. The company has also experienced robust revenue growth. The price-to-earnings ratio is not available, making it difficult to assess the stock’s valuation. The price/sales ratio is 3.99 and the price/book ratio is 2.27. There is no available data on XMTR’s competitors. The next reporting date for XMTR is scheduled for March 14, 2024, with a current EPS forecast of -$0.03.
XMTR Stock Analysis: Positive Price Forecasts and Consensus Buy Rating for Xometry Inc. on November 21, 2023
XMTR stock has been performing well on November 21, 2023, with analysts offering positive price forecasts for Xometry Inc. The 8 analysts providing 12-month price forecasts for XMTR stock have a median target of 25.50, with a high estimate of 30.00 and a low estimate of 17.00. This median estimate represents a significant increase of 28.79% from the last price of 19.80.
A consensus among 9 polled investment analysts is to buy the stock in Xometry Inc. This rating has remained steady since November, indicating a consistent positive sentiment towards the company’s performance.
Xometry Inc. reported earnings per share of -$0.03 for the current quarter. However, the company’s sales for the same period were $133.5 million. These figures suggest that while the company may have experienced a loss in earnings, it has managed to generate substantial revenue.
Investors should keep an eye on Xometry Inc. as it continues to show potential for growth. With positive price forecasts and a consensus to buy the stock, it indicates that analysts and investors have confidence in the company’s future performance.
Please note that the information provided is based on data from CNN Money. Investors should conduct further research and analysis before making any investment decisions.
Discussion about this post