Xometry, Inc.'s (NASDAQ:XMTR) Chief Operating Officer, Peter Goguen, recently sold a portion of his company stock, totaling over $17,000. The transactions were executed on April 4, 2024, and were reported in the latest filings with the Securities and Exchange Commission.
Goguen sold 622 shares of Class A Common Stock at a weighted average price of $17.9871, and another 318 shares at a weighted average price of $18.4013. The shares were sold in multiple transactions within price ranges of $17.36 to $18.28 for the first batch and $18.365 to $18.455 for the second, respectively. Following these sales, Goguen still owns a significant number of Xometry shares, with his holdings standing at 196,271 shares after the transactions.
The sales were part of an automated trading plan under Rule 10b5-1, which allows company insiders to set up a predetermined plan for trading stock at a time when they are not in possession of material non-public information. This plan had been adopted by Goguen at least 90 days prior to the transaction date. Additionally, a portion of the shares sold were used to cover tax withholding obligations related to the vesting of restricted stock units.
Investors often monitor insider sales as they can provide insights into an executive's view of the company's current valuation and future prospects. However, it is also not uncommon for executives to sell shares for personal financial planning reasons unrelated to their outlook on the company.
Xometry, headquartered in North Bethesda, Maryland, operates within the business services sector, providing a marketplace for on-demand manufacturing. The company continues to be a key player in the industry, and insider transactions such as these are a routine part of corporate governance and financial management for executives and large shareholders.
InvestingPro Insights
As Xometry, Inc. (NASDAQ:XMTR) navigates the market, the company's financial metrics and insider activities provide valuable information for investors. According to InvestingPro data, Xometry has a market capitalization of $867.61 million, with a negative Price-to-Earnings (P/E) ratio of -12.63, reflecting the market's anticipation of future earnings growth despite the company's current lack of profitability. The company's revenue growth is notably robust, with a 21.65% increase over the last twelve months as of Q4 2023, and an even more impressive quarterly revenue growth of 30.67% in Q4 2023.
InvestingPro Tips highlight that analysts have recently revised their earnings expectations downwards for the upcoming period, which could be an indicator of short-term headwinds or a more cautious outlook on the company's financial performance. Additionally, the stock is known for its high price volatility, which may appeal to certain investors looking for dynamic trading opportunities but could be a cautionary detail for those seeking more stable investments.
Despite not having turned a profit over the last twelve months, Xometry's liquid assets exceed its short-term obligations, suggesting a degree of financial resilience. However, the company does not pay a dividend, which might be a consideration for income-focused investors. For those looking to delve deeper into Xometry's financial health and future prospects, there are additional InvestingPro Tips available at https://www.investing.com/pro/XMTR. Use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to a comprehensive list of tips that can further inform investment decisions.
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