Connor Clark & Lunn Investment Management Ltd. Has $5.18 Million Holdings in Xometry, Inc. (NASDAQ:XMTR)

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 529.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,439 shares of the company’s stock after acquiring an additional 102,140 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Xometry were worth $5,181,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XMTR. Barclays PLC raised its position in shares of Xometry by 360.9% in the third quarter. Barclays PLC now owns 68,951 shares of the company’s stock valued at $1,266,000 after buying an additional 53,991 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Xometry in the third quarter valued at approximately $1,586,000. Primecap Management Co. CA raised its position in shares of Xometry by 1.7% in the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after buying an additional 113,264 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Xometry by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock valued at $6,519,000 after buying an additional 16,396 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Xometry in the third quarter valued at approximately $341,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XMTR shares. Royal Bank of Canada lifted their price target on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald lifted their price objective on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Wedbush reissued an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. Finally, UBS Group lifted their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

Xometry Stock Performance

NASDAQ XMTR opened at $24.80 on Monday. The firm’s fifty day moving average price is $32.41 and its two-hundred day moving average price is $28.60. The stock has a market cap of $1.25 billion, a PE ratio of -23.62 and a beta of 0.69. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Insiders Place Their Bets

In other news, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. The trade was a 9.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Miln sold 25,852 shares of Xometry stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the transaction, the chief financial officer now owns 105,238 shares in the company, valued at approximately $2,532,026.28. This trade represents a 19.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,965 shares of company stock valued at $2,065,315. 16.79% of the stock is currently owned by insiders.

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.