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Peter Goguen, the Chief Operating Officer of Xometry , Inc. (NASDAQ:XMTR), recently sold shares valued at a total of $106,715. The transactions, which took place on February 11, involved the sale of 3,000 shares of Class A Common Stock. The shares were sold at prices ranging from $35.5509 to $36.10 each. This sale comes as the company’s stock has shown remarkable strength, with InvestingPro data showing a 115.63% price return over the past six months, despite the company’s current market capitalization of $1.76 billion.
Following these transactions, Goguen holds 161,993 shares of Xometry. The sales were conducted as part of a pre-arranged Rule 10b5-1 trading plan, which allows insiders to set up a trading plan for selling stocks they own by establishing a predetermined schedule. The company has demonstrated strong revenue growth of 21.19% over the last twelve months, though InvestingPro analysis reveals 8 additional key insights about Xometry’s financial health and growth prospects, available exclusively to subscribers.
In other recent news, Xometry, a leader in on-demand manufacturing, has seen several significant developments. JMP Securities has maintained a steady Market Outperform rating on the company’s stock, with a price target of $42. Analyst Nicholas Jones from JMP Securities has projected that if Xometry can increase its active buyers to over 400,000 and achieve a 30% adjusted EBITDA margin, the stock could potentially reach as high as $75 within the next two decades. This projection is based on Xometry’s ability to significantly grow its customer base and reach ambitious profitability targets in the long term.
In other developments, Xometry has announced a change in its executive leadership, with Matt Leibel stepping down from his role as Chief Technology Officer. This move is not due to any disagreements or disputes with the company’s operations or practices, and Vaidyanathan Raghavan is set to take over the role. Leibel will continue to serve as an employee until February 28, 2025, to ensure a smooth transition of responsibilities to Raghavan.
Finally, Xometry has made significant strides in the Asia-Pacific region, securing its first seven-figure order during the third quarter. Despite a less-than-anticipated increase in active buyers, JMP Securities has decided to maintain their financial projections for the company, awaiting further insights from the company’s management. These developments indicate the company’s continued growth and potential for future profitability.
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