Insider Selling: Xometry, Inc. (NASDAQ:XMTR) CFO Sells $154,250.00 in Stock

On August 31, 2021, Xometry, Inc. (NASDAQXMTR) announced that its Chief Financial Officer (CFO), Michael Hackett, sold $154,250.00 worth of his company stock. The sale was made through a series of transactions on August 30 and 31, 2021, at an average price of $19.78 per share.

According to the SEC filing, Hackett sold a total of 7,654 shares of Xometry stock, which represents approximately 0.1% of the company's outstanding common stock. The proceeds from the sale will be used for personal expenses and investments.

It is worth noting that insider selling can have an impact on a company's stock price, as it may signal to investors that the executive believes the stock is undervalued or that they are selling for personal reasons rather than because they believe the stock will perform well in the future. However, it is important to remember that insider selling does not necessarily indicate anything negative about a company, and it is up to individual investors to make their own investment decisions based on their own research and analysis.