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On April 2, Miln James, the Chief Financial Officer of Xometry , Inc. (NASDAQ:XMTR), sold 1,346 shares of the company’s Class A common stock. The shares were sold at a weighted average price of $25.1309, generating a total of $33,826. This transaction was conducted under a Rule 10b5-1 trading plan, which James had adopted at least 90 days prior to the sale. The sale price is notably higher than the current trading price of $19.94, as the stock has experienced a significant 49% decline year-to-date, according to InvestingPro data.
The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units. Following the sale, James retains ownership of 144,713 shares in the company. The sale price ranged from $24.74 to $25.455 per share, as reported in the filing. InvestingPro analysis shows that Xometry maintains strong liquidity with a current ratio of 4.38, indicating robust financial health despite recent market volatility. For deeper insights into Xometry’s financial position and access to 10+ additional exclusive ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Xometry Inc. has announced a change in its auditing firm, replacing KPMG LLP with Deloitte & Touche LLP as its independent registered public accounting firm. This change follows the company’s disclosure that there were no disagreements with KPMG over accounting practices or financial statement disclosures. Meanwhile, Xometry’s recent Q4 2024 earnings report exceeded expectations, with a strong performance noted by Goldman Sachs, which subsequently raised its price target for the company to $30, maintaining a Buy rating. The company’s forward-looking guidance for fiscal year 2025 remains positive, with anticipated Marketplace revenue growth exceeding 20%.
Craig-Hallum has also increased its price target for Xometry from $30 to $35, retaining a Buy rating, despite softer first-quarter guidance. The firm highlighted potential benefits from geopolitical shifts, such as de-globalization and reshoring, which may enhance Xometry’s platform value. Furthermore, Cantor Fitzgerald raised its price target for Xometry to $20 but maintained an Underweight rating, citing concerns over prototyping applications and upcoming debt obligations.
JMP Securities continues to support Xometry with a Market Outperform rating and a $40 price target, emphasizing the company’s growth potential within the B2B custom manufacturing market. These developments underscore the varied analyst perspectives on Xometry’s market position and financial strategy.
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