Xometry, Inc. (NASDAQ:XMTR) has reported a recent sale of stock by Chief Technology Officer, Matthew Leibel. According to the latest filings, Leibel sold shares of the company's Class A Common Stock, totaling over $6,500 in value.
The transactions, which took place on April 4, 2024, involved two separate sales of shares at varying prices. The first batch of 235 shares was sold at a weighted average price of $17.9719, with individual prices ranging from $17.36 to $18.275. The second sale included 125 shares at an average of $18.3987 each, with the sale prices ranging from $18.365 to $18.44.
These sales were executed automatically under a Rule 10b5-1 trading plan, which had been adopted by Leibel at least 90 days prior to the transaction date. This type of trading plan allows company insiders to sell shares at predetermined times to avoid any accusations of trading on nonpublic information. Additionally, part of the shares sold by Leibel was to cover tax withholding obligations connected to the vesting of restricted stock units.
Following these transactions, Leibel still holds a significant number of shares in Xometry, with the ownership standing at 75,176 shares after the sales were completed.
Investors and followers of Xometry, Inc. can request full details of the transactions upon demand, as the reporting person has committed to providing comprehensive information regarding the number of shares sold at each separate price within the reported ranges.
The reported sales provide insight into the trading activities of Xometry's executives and may be of interest to current and potential shareholders as they monitor the investment decisions of the company's management.
InvestingPro Insights
Amidst the recent news of Xometry, Inc.'s (NASDAQ:XMTR) CTO selling shares, investors are keeping a keen eye on the company's financial health and stock performance. According to InvestingPro data, Xometry has a market capitalization of approximately $867.61 million, indicating a significant presence in its sector. Despite a challenging market, the company has managed to achieve a revenue growth of 21.65% over the last twelve months as of Q4 2023, a sign of robust sales performance. However, it's important to note that the company's P/E ratio stands at -12.63, reflecting its current lack of profitability.
InvestingPro Tips suggest that Xometry's stock tends to experience high price volatility, which could be a factor for investors to consider in the context of the recent insider trading activity. Additionally, the company's liquid assets surpass its short-term obligations, which may provide some reassurance regarding its financial stability in the near term. For those considering a deeper dive into Xometry's financials and stock performance, there are 7 additional InvestingPro Tips available, which can be accessed with a subscription. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Investors may also find it relevant that the company's stock price has fallen by 46.26% over the past three months, potentially impacting the value of insider holdings and influencing their trading decisions. The combination of these metrics and insights can help shareholders and potential investors form a more complete picture of Xometry's current market standing and future outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.