In a recent filing with the Securities and Exchange Commission, Xometry , Inc. (NASDAQ:XMTR) disclosed that its Chief Operating Officer, Peter Goguen, sold a significant amount of the company’s Class A common stock. On February 11, 2025, Goguen sold a total of 3,000 shares, resulting in a transaction valued at approximately $106,715. The shares were sold at prices ranging from $35.5509 to $36.10 per share. The sale comes amid a remarkable 115% surge in Xometry’s stock price over the past six months, with the company currently valued at $1.76 billion.
Following these transactions, Goguen retains ownership of 161,993 shares of Xometry’s stock. It’s worth noting that these sales were conducted under a Rule 10b5-1 trading plan, which allows corporate insiders to set up a predetermined plan to sell company stock in accordance with insider trading laws. According to InvestingPro data, while the company operates with moderate debt levels and maintains strong liquidity, analysts have recently revised their earnings expectations upward for the upcoming period.
Investors may view these insider transactions as part of the regular financial activities of company executives, providing insights into their confidence in the company’s future performance. For deeper insights into Xometry’s valuation and growth prospects, InvestingPro subscribers can access comprehensive analysis and 8 additional ProTips that could influence investment decisions.
In other recent news, Xometry Inc has been maintaining a steady presence in the investment world. JMP Securities, a renowned research firm, has reaffirmed their Market Outperform rating for Xometry with a consistent price target of $42. Analyst Nicholas Jones from JMP Securities has expressed confidence in Xometry’s potential to enhance its active buyer base and achieve a 30% adjusted EBITDA margin within the next twenty years. This projection hinges on Xometry’s ability to significantly grow its customer base and meet ambitious profitability targets.
In a significant executive move, Xometry has announced the appointment of Vaidyanathan Raghavan as the new Chief Technology Officer, following the departure of Matt Leibel. The transition is reported to be a mutual agreement and will not affect the company’s operations or practices.
Lastly, JMP Securities has highlighted Xometry’s substantial achievement in the Asia-Pacific region, securing its first seven-figure order during the third quarter. Despite a slower growth in active buyers, JMP Securities has decided to maintain their financial projections for Xometry, awaiting further insights from the company’s management. These recent developments reflect the ongoing strategic direction and growth trajectory of Xometry Inc.
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