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Peter Goguen, the Chief Operating Officer of Xometry , Inc. (NASDAQ:XMTR), has sold shares of the company’s Class A common stock, according to a recent SEC filing. The transaction, which took place on March 18, involved the sale of 986 shares, amounting to a total value of $24,848. The shares were sold at a weighted average price of $25.2014, with individual transaction prices ranging from $24.79 to $25.55. The sale comes as Xometry, currently valued at $1.33 billion, has seen its stock surge 32.4% over the past six months, though InvestingPro analysis suggests the stock is trading slightly above its Fair Value.
The sale was conducted under a Rule 10b5-1 trading plan, which Goguen had adopted at least 90 days prior to the transaction date, allowing for pre-scheduled trades. According to InvestingPro data, Xometry maintains strong liquidity with a current ratio of 4.38, indicating robust short-term financial health. Following this sale, Goguen retains direct ownership of 187,883 shares of Xometry. For deeper insights into XMTR’s valuation and 10+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Xometry Inc. reported its fourth-quarter 2024 financial results, surpassing earnings expectations with an earnings per share (EPS) of $0.06 compared to the forecasted $0.0267. Revenue also exceeded projections, reaching $148.55 million against an expected $146.33 million, marking a 16% year-over-year increase. Craig-Hallum has raised its price target for Xometry to $35, maintaining a Buy rating, while Goldman Sachs increased its target to $30, also retaining a Buy rating, citing robust Q4 performance and positive guidance for fiscal year 2025. Cantor Fitzgerald, however, remains cautious, lifting its price target to $20 but keeping an Underweight rating due to concerns over Xometry’s prototyping applications and debt obligations.
Xometry’s Audit Committee has appointed Deloitte & Touche LLP as the new independent registered public accounting firm, replacing KPMG LLP. The transition follows a period without disagreements on accounting principles or practices with KPMG. Analyst Greg Palm from Craig-Hallum expressed optimism about Xometry’s growth potential, highlighting the company’s marketplace growth rate of over 20% despite a softer manufacturing environment. Meanwhile, Eric Sheridan from Goldman Sachs noted the impact of artificial intelligence on Xometry’s platform and management’s focus on expanding buyer and supplier networks.
Xometry’s Q4 earnings call revealed that the company’s marketplace revenue grew by 20% year-over-year, driven by a 23% increase in active buyers, reaching 68,267. The company is targeting at least 20% marketplace growth per quarter throughout 2025 and aims to achieve positive adjusted EBITDA for the full year. Xometry’s strategic initiatives include expanding its international presence and enhancing AI capabilities, positioning the company to capitalize on market trends and solidify its industry position.
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