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) by 529.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 0.25% of Xometry worth $5,181,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XMTR. FMR LLC increased its position in shares of Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after buying an additional 1,169,778 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Xometry in the 4th quarter valued at $30,297,000. Fred Alger Management LLC increased its position in shares of Xometry by 20.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after buying an additional 312,971 shares in the last quarter. Sylebra Capital LLC increased its position in shares of Xometry by 19.1% in the 3rd quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after buying an additional 288,151 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Xometry during the 4th quarter worth about $12,284,000. Institutional investors own 97.31% of the company’s stock.

Insider Activity at Xometry

In related news, COO Peter Goguen sold 986 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total value of $39,518.88. Following the completion of the sale, the chief operating officer now directly owns 168,933 shares in the company, valued at approximately $6,770,834.64. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the sale, the chief financial officer now owns 102,329 shares of the company’s stock, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,965 shares of company stock worth $2,065,315. Insiders own 16.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XMTR. Wedbush reiterated an “outperform” rating and set a $48.00 target price on shares of Xometry in a report on Friday, December 20th. UBS Group increased their target price on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. Cantor Fitzgerald increased their target price on Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, February 26th. Finally, Citigroup lowered their target price on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.11.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $24.80 on Monday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -23.62 and a beta of 0.69. The business has a 50-day moving average of $32.41 and a 200-day moving average of $28.60. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33.

About Xometry

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.