Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,299 shares of the company's stock, valued at approximately $355,000.
Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Xometry in the second quarter worth $38,000. ProShare Advisors LLC bought a new stake in Xometry in the second quarter valued at approximately $53,000. Point72 Asset Management L.P. acquired a new position in shares of Xometry in the 2nd quarter worth approximately $55,000. US Bancorp DE increased its position in shares of Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after buying an additional 2,037 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in Xometry during the second quarter worth $129,000. Institutional investors and hedge funds own 97.31% of the company's stock.
Xometry Stock Performance
Shares of NASDAQ:XMTR traded up $0.05 during trading on Friday, hitting $31.05. 260,409 shares of the company were exchanged, compared to its average volume of 665,462. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $38.74. The stock has a 50 day moving average of $23.46 and a 200 day moving average of $18.28. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The company has a market cap of $1.54 billion, a PE ratio of -29.57 and a beta of 0.55.
Insider Activity
In related news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the transaction, the chief technology officer now owns 82,918 shares in the company, valued at $1,529,837.10. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Emily Rollins sold 3,729 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $29.49, for a total value of $109,968.21. Following the transaction, the director now directly owns 12,457 shares in the company, valued at $367,356.93. This trade represents a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,633 shares of company stock worth $1,201,730 over the last ninety days. Company insiders own 16.79% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. UBS Group increased their price target on Xometry from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price objective on Xometry from $23.00 to $27.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Cantor Fitzgerald restated an "underweight" rating and issued a $12.00 target price on shares of Xometry in a report on Wednesday, November 6th. Citigroup boosted their price objective on Xometry from $25.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Craig Hallum raised their price objective on Xometry from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.71.
View Our Latest Stock Report on XMTR
Xometry Profile
(
Free Report)
Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.
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