Stock Track | Xometry Plummets 8.82% Intraday as Founder-CEO Steps Down in Leadership Transition

Stock Track02-24 22:37

Xometry, Inc. (XMTR) saw its stock price plummet 8.82% during Tuesday's intraday trading session following the announcement of a planned CEO succession.

The AI-powered manufacturing marketplace revealed that co-founder and CEO Randy Altschuler will step down from his role effective July 1, transitioning to Executive Chair of the board. President Sanjeev Singh Sahni, who joined the company in January 2025, will succeed him as Chief Executive Officer and join the board of directors.

This leadership transition introduced uncertainty for investors, overshadowing the company's concurrent release of strong fourth-quarter 2025 financial results that beat analyst expectations for both revenue and adjusted EBITDA. The market's immediate reaction focused on the implications of the founder-CEO's departure, leading to the significant sell-off.

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