Xometry CEO Altschuler sells $234,787 in stock

Published 04/04/2025, 22:34
Xometry CEO Altschuler sells $234,787 in stock

Randolph Altschuler, the Chief Executive Officer of Xometry , Inc. (NASDAQ:XMTR), recently sold shares of the company’s Class A common stock. According to a filing with the Securities and Exchange Commission, Altschuler sold 9,331 shares on April 2, 2025, at an average price of $25.1621 per share, resulting in a total transaction value of $234,787. The stock, which currently trades at $19.94, has seen significant pressure recently, with InvestingPro data showing a 16% decline in the past week alone.

The sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks. This transaction was partially to cover tax withholding obligations related to the vesting of restricted stock units. While the company operates with a moderate debt level, InvestingPro analysis indicates strong liquidity with a current ratio of 4.38x.

Following this sale, Altschuler holds 328,934 shares of Class A common stock directly, with additional holdings in various trusts and through indirect ownership. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels, with multiple additional insights available in the comprehensive Pro Research Report covering this nearly $1 billion market cap company.

In other recent news, Xometry Inc. has seen several notable developments. Goldman Sachs increased its price target for Xometry to $30, maintaining a Buy rating after the company’s Q4 2024 earnings exceeded expectations. The firm highlighted Xometry’s healthy Marketplace revenue growth and management’s focus on expanding networks and international reach. Similarly, Craig-Hallum raised its price target to $35, expressing optimism about Xometry’s sustainable growth rate and potential benefits from geopolitical shifts. Meanwhile, Cantor Fitzgerald adjusted its price target to $20, maintaining an Underweight rating due to concerns over Xometry’s financial strategy and debt obligations.

In terms of corporate changes, Xometry appointed Deloitte & Touche LLP as its new independent registered public accounting firm, replacing KPMG. This decision followed a period without disagreements on accounting practices with KPMG, who had audited Xometry’s financials without adverse opinions. JMP Securities continues to support Xometry with a Market Outperform rating and a $40 price target, citing the company’s promising market position and growth potential. These recent developments highlight a mix of strategic financial maneuvers and analyst perspectives on Xometry’s future in the competitive manufacturing industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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