Xometry CEO Sanjeev Sahni Sells 1,500 Shares for $163,200
The sale trimmed his stake by 0.83%, leaving him with 178,291 shares in the digital manufacturing marketplace.
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Xometry chief executive Sanjeev Sahni sold 1,500 shares of the company's stock on October 12 at an average price of $108.80, a transaction worth $163,200, according to MarketBeat, citing a filing with the Securities and Exchange Commission.
After the sale, Sahni held 178,291 shares valued at about $19.4 million, a 0.83% reduction in his position. He has sold stock repeatedly in recent months: 1,112 shares on October 2 at an average of $103.28, 1,500 shares on September 14 at an average of $85.23 and 1,500 shares on August 17 at an average of $90.19.
Xometry operates a digital manufacturing marketplace that links customers with suppliers offering CNC machining, 3D printing, sheet metal fabrication and injection molding. The company was founded in 2013 and serves customers in North America, Europe and Asia.
In its most recent quarterly report, released on August 4, Xometry posted earnings of $0.16 per share on revenue of $229.28 million, above analyst estimates of $0.15 and $215.22 million. Revenue rose 41.1% from the same quarter a year earlier, when the company earned $0.09 per share. The company's market capitalization stood at $4.93 billion, with a 52-week range of $35.86 to $112.94, MarketBeat reported.
This story was first reported by MarketBeat.
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