Connor Clark & Lunn Investment Management Ltd. Purchases 102,140 Shares of Xometry, Inc. (NASDAQ:XMTR)

Connor Clark & Lunn Investment Management Ltd. lifted its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 529.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,439 shares of the company's stock after buying an additional 102,140 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.25% of Xometry worth $5,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of XMTR. Global Retirement Partners LLC bought a new stake in Xometry during the fourth quarter valued at about $27,000. Arizona State Retirement System raised its stake in Xometry by 7.9% during the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock valued at $520,000 after purchasing an additional 891 shares during the period. SBI Securities Co. Ltd. purchased a new position in Xometry in the 4th quarter worth approximately $73,000. US Bancorp DE boosted its stake in Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after purchasing an additional 2,037 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Xometry by 1.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company's stock valued at $9,120,000 after buying an additional 2,375 shares in the last quarter. Institutional investors own 97.31% of the company's stock.

Insider Activity

In other Xometry news, COO Peter Goguen sold 940 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $39,818.40. Following the sale, the chief operating officer now owns 167,993 shares in the company, valued at $7,116,183.48. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James Miln sold 25,852 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the transaction, the chief financial officer now owns 105,238 shares in the company, valued at approximately $2,532,026.28. The trade was a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,965 shares of company stock valued at $2,050,643. 16.79% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

XMTR has been the topic of several research analyst reports. Citigroup lowered their target price on shares of Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. UBS Group increased their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and issued a $48.00 target price on shares of Xometry in a report on Friday, December 20th. JMP Securities reiterated a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded Xometry from a "neutral" rating to an "overweight" rating and raised their price target for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.11.

Xometry Trading Down 2.4 %

NASDAQ:XMTR traded down $0.64 during mid-day trading on Thursday, hitting $25.63. 391,673 shares of the stock traded hands, compared to its average volume of 596,324. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -24.41 and a beta of 0.69. The firm's 50 day moving average is $31.61 and its two-hundred day moving average is $28.66.

Xometry Profile

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.