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Randolph Altschuler, Chief Executive Officer of Xometry , Inc. (NASDAQ:XMTR), a company with a market capitalization of $1.25 billion, recently sold 27,566 shares of Class A common stock, amounting to a total of $733,241. The stock, which has seen a significant 35% gain over the past six months despite recent weakness, is currently trading near InvestingPro’s Fair Value estimate. The shares were sold at a weighted average price of $26.60, with transaction prices ranging between $26.21 and $27.11. Following this transaction, Altschuler retains direct ownership of 256,570 shares of Class A common stock and 1,475,311 shares of Class B common stock. According to InvestingPro’s analysis, the company maintains strong liquidity with a current ratio of 4.38, though it operates with moderate debt levels.
The sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks. A portion of the shares sold was intended to cover tax obligations related to the vesting of restricted stock units granted in March 2024. For deeper insights into Xometry’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Xometry Inc. has reported its fourth-quarter 2024 financial results, surpassing expectations with an earnings per share (EPS) of $0.06, compared to the forecasted $0.0267. The company’s revenue also exceeded projections, reaching $148.55 million against an expected $146.33 million. This strong performance was highlighted by a 16% year-over-year revenue growth and a record marketplace gross margin of 34.5%. Meanwhile, analyst firms have updated their assessments of Xometry, with Cantor Fitzgerald raising the stock target to $20, maintaining an Underweight rating, and Craig-Hallum increasing the target to $35 with a Buy rating. Goldman Sachs also revised its price target to $30, reiterating a Buy rating, following the company’s robust Q4 earnings report and positive guidance for fiscal year 2025. Analysts from Craig-Hallum and Goldman Sachs expressed optimism about Xometry’s ability to capitalize on market trends, despite some concerns about the manufacturing environment and gross margin impacts from investments. These recent developments indicate that Xometry is positioned to continue its growth trajectory, supported by its strategic focus on marketplace expansion and international growth.
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