Stock Markets
Xometry COO Peter Goguen sells over $11k in company stock
Xometry , Inc. (NASDAQ:XMTR) Chief Operating Officer Peter Goguen has recently sold shares of the company’s stock, according to the latest filing with the Securities and Exchange Commission. The transaction, which took place on July 3, 2024, involved the sale of 940 shares of Class A Common Stock at a weighted average price of $11.7573 per share, totaling approximately $11,051.
The sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units. Additionally, the shares were sold pursuant to a Rule 10b5-1 trading plan, which had been adopted by Goguen at least 90 days before the transaction, indicating that the sale was planned and not based on the current market conditions or insider knowledge.
Investors might be interested to know that the shares were sold in multiple transactions with prices ranging from $11.64 to $11.91. After the sale, Goguen still owns a significant number of shares, with 194,345 shares of Xometry’s Class A Common Stock remaining in his possession.
As is common with transactions of this nature, Goguen has agreed to provide full information regarding the number of shares sold at each separate price within the range upon request by Xometry, its security holders, or the SEC staff.
Xometry, based in Maryland, operates within the business services sector and is known for its on-demand manufacturing marketplace. This recent transaction provides transparency into the trading activities of the company’s executives, which is valuable information for current and potential investors.
In other recent news, Xometry Inc (NASDAQ:). reported robust first-quarter results for 2024, with revenues of $123 million, marking a 16% year-over-year increase mainly due to a 24% surge in its Marketplace business. However, the company saw a 10% quarter-over-quarter decrease in Marketplace Revenue per Active Buyer. Analyst firm Cantor Fitzgerald initiated coverage on Xometry with an Underweight rating, expressing concerns about the company’s business model’s limitations in supporting serial production of end-use parts. In contrast, Citi maintained a Buy rating on the company’s shares, albeit reducing its price target to $24 from $31, following Xometry’s Q1 results and reflecting broader uncertainty in the manufacturing sector’s economic outlook. Furthermore, Xometry recently appointed Subir Dutt as its new Chief Sales Officer, a move expected to enhance the company’s penetration across top accounts and facilitate expansion across various industry verticals. These developments provide recent insights into Xometry’s financial performance and strategic moves.
InvestingPro Insights
Recent market data for Xometry, Inc. (NASDAQ:XMTR) reflects a challenging period for the company’s stock performance. According to InvestingPro, the company’s market capitalization stands at a modest $574.86 million, with a negative Price-to-Earnings (P/E) ratio of -8.66, suggesting that investors are concerned about the company’s profitability. In the last twelve months leading up to Q1 2024, Xometry has experienced a revenue growth of 19.42%, showing a promising expansion in sales despite the stock’s poor performance in the market.
InvestingPro Tips indicate that analysts have revised their earnings expectations downwards for the upcoming period, and they do not anticipate Xometry to be profitable this year. Additionally, the stock has been trading near its 52-week low, reflecting a significant downturn over the last few months. On a more positive note, Xometry’s liquid assets exceed its short-term obligations, which may provide some financial stability in the near term.
For investors considering the long-term value of Xometry, it is worth noting that the company operates with a moderate level of debt and does not pay a dividend to shareholders. These factors could influence investment decisions, especially for those looking for income-generating stocks or concerned about financial leverage.
For a deeper dive into Xometry’s financial health and stock performance, additional InvestingPro Tips are available. There are currently 6 more tips that could provide further insights into the company’s outlook. Interested readers can use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription at InvestingPro, which could be a valuable tool for those looking to make informed investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
By Maggie Fick and Ahmed Aboulenein
WASHINGTON (Reuters) – Members of Donald Trump’s presidential transition team are laying the groundwork for the United States to withdraw from the World Health Organization on the first day of his second term, according to a health law expert familiar with the discussions.
“I have it on good authority that he plans to withdraw, probably on Day One or very early in his administration,” said Lawrence Gostin, professor of global health at Georgetown University in Washington and director of the WHO Collaborating Center on National and Global Health (NS:) Law.
The Financial Times was first to report on the plans, citing two experts. The second expert, former White House COVID-19 response coordinator Ashish Jha, was not immediately available for comment.
The Trump transition team did not immediately respond to a Reuters request for comment.
The plan, which aligns with Trump’s longstanding criticism of the U.N. health agency, would mark a dramatic shift in U.S. global health policy and further isolate Washington from international efforts to battle pandemics.
Trump has nominated several critics of the organization to top public health positions, including Robert F. Kennedy Jr., a vaccine skeptic who is up for the post of secretary of Health and Human Services, which oversees all major U.S. health agencies including the CDC and FDA.
Trump initiated the year-long withdrawal process from the WHO in 2020 but six months later his successor, President Joe Biden, reversed the decision.
Trump has argued that the agency failed to hold China accountable for the early spread of COVID-19. He has repeatedly called the WHO a puppet of Beijing and vowed to redirect U.S. contributions to domestic health initiatives.
A WHO spokesperson declined to directly comment but referred Reuters to comments by WHO Director-General Tedros Adhanom Ghebreyesus at a press briefing on Dec. 10 in which he was asked whether he was concerned that the Trump administration would withdraw from the organization.
Tedros said at the time that the WHO needed to give the U.S. time and space for the transition. He also voiced confidence that states could finalize a pandemic agreement by May 2025.
Critics warn that a U.S. withdrawal could undermine global disease surveillance and emergency response systems.
“The U.S. would lose influence and clout in global health and China would fill the vacuum. I can’t imagine a world without a robust WHO. But U.S. withdrawal would severely weaken the agency,” Gostin said.
U.Today – MicroStrategy has made headlines again by purchasing 5,262 BTC for approximately $561 million at an average price of $106,662 per BTC. The company now holds a staggering 444,262 BTC, accumulated at a total cost of approximately $27.7 billion, with an average purchase price of $62,257 per BTC.
Despite impressive returns of 47.4% since the beginning of the quarter and 73.7% since the beginning of the year, skepticism about the company’s strategy is growing.
It is believed that to sustain its purchases, MicroStrategy raises capital through methods such as issuing convertible and corporate bonds, securing credit lines and selling shares.
This cycle appears to operate as follows: shares are sold to acquire the cryptocurrency, and the rising price per BTC increases asset value, enabling further loans, which are then reinvested in more purchases.
Some observers warn that a significant decline in Bitcoin’s price or MicroStrategy’s stock could trigger a cascade effect. A sharp fall in MSTR shares would weaken the collateral backing its loans, potentially leading to forced asset sales, including BTC.
This scenario could exert downward pressure on the broader cryptocurrency market, as the company holds 2.2% of the global Bitcoin supply now.
Thus, while some view Michael Saylor’s approach as a bold bid to cement the cryptocurrency’s role in the financial system, others see it as unsustainable. History offers a cautionary note: in 2000, MSTR shares surged to $333 before plummeting 99%, a collapse that took 24 years to recover from.
National homebuilder ranked No. 12 on inaugural list ranking companies based on trust
SCOTTSDALE, Ariz., Dec. 23, 2024 /PRNewswire/ — With a longstanding reputation for trust, national homebuilder and land developer Taylor Morrison (NYSE:) (NYSE: ™HC) has been recognized by Forbes on their inaugural list of the Most Trusted Companies in America. The homebuilder ranked No. 12 out of 300 companies across all industries.
“There are few things more powerful than trust and it’s something we strive to earn amongst all company stakeholders, from our customers to our team members, our shareholders, and our local communities,” said Taylor Morrison Chairman and CEO Sheryl Palmer. “To be included on this esteemed list in its inaugural year is especially meaningful and these awards are important reminders of the relationships we’re building across all aspects of our business.”
Fueled by hundreds of millions of data points, the Most Trusted Companies in America list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust and media sentiment. The ranking was created in partnership with research companies HundredX, Signal AI and Glassdoor.
Taylor Morrison also earned the No. 67 spot on Forbes’ inaugural America’s Best Companies list. The ranking is Forbes’ most comprehensive company ranking to date and factored in ratings for financial performance, customer and employee satisfaction, cybersecurity, sustainability, companies’ remote work policies, media coverage and more. Forbes’ America’s Best Companies list assessed more than 60 metrics across 11 primary categories to identify which organizations excel across the board. Of the more than 2,000 U.S.-based publicly traded companies that were eligible, only 300 qualified for each list.
In addition to being named among the Most Trusted and Best Companies in America by Forbes, Taylor Morrison holds several additional accolades including being named on Newsweek’s America’s Most Responsible Companies and America’s Greenest Companies lists, U.S. News & World Report’s Best Companies to Work For list, the American Opportunity (SO:) Index, America’s Most Trusted ® Home Builder for nine years, Hearthstone’s 2021 BUILDER Humanitarian Award, and inclusion on the Fortune 500 list since 2021.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation’s leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands”including Taylor Morrison, Esplanade and Yardly. From 2016-2024, Taylor Morrison has been recognized as America’s Most Trusted ® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.
For more information about Taylor Morrison, please visit www.taylormorrison.com.
CONTACT:
media@taylormorrison.com
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