Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Xometry, Inc. (NASDAQ:XMTR)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Xometry, Inc. (NASDAQ:XMTR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,299 shares of the company’s stock, valued at approximately $355,000.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after buying an additional 76,976 shares during the period. Bellecapital International Ltd. bought a new position in shares of Xometry during the 2nd quarter valued at approximately $6,281,000. Values First Advisors Inc. grew its position in shares of Xometry by 19.5% during the 2nd quarter. Values First Advisors Inc. now owns 56,872 shares of the company’s stock valued at $657,000 after acquiring an additional 9,274 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Xometry by 21.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,522 shares of the company’s stock worth $1,624,000 after purchasing an additional 25,247 shares during the last quarter. Finally, ARK Investment Management LLC raised its holdings in shares of Xometry by 74.9% in the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock worth $3,063,000 after purchasing an additional 113,478 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CTO Matthew Leibel sold 16,564 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total value of $498,245.12. Following the transaction, the chief technology officer now owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. This represents a 17.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Emily Rollins sold 3,729 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total value of $109,968.21. Following the completion of the sale, the director now owns 12,457 shares in the company, valued at $367,356.93. This trade represents a 23.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,633 shares of company stock valued at $1,201,730. Company insiders own 16.79% of the company’s stock.

Xometry Trading Up 0.2 %

Shares of Xometry stock opened at $31.05 on Friday. The company’s 50-day moving average price is $23.46 and its 200-day moving average price is $18.28. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $38.74. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -29.57 and a beta of 0.55.

Analysts Set New Price Targets

Several brokerages have weighed in on XMTR. The Goldman Sachs Group increased their price objective on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Cantor Fitzgerald restated an “underweight” rating and issued a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. Craig Hallum increased their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Citigroup upped their price target on shares of Xometry from $25.00 to $33.00 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 given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.71.

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.