Corebridge Financial Inc. Reduces Stock Holdings in Xometry, Inc. (NASDAQ:XMTR)

Corebridge Financial Inc. decreased its holdings in Xometry, Inc. (NASDAQ:XMTR) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,133 shares of the company’s stock after selling 1,354 shares during the quarter. Corebridge Financial Inc.’s holdings in Xometry were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in Xometry in the 3rd quarter worth approximately $205,000. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $6,519,000 after buying an additional 16,396 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Xometry during the 3rd quarter valued at about $383,000. Centiva Capital LP bought a new position in Xometry during the third quarter valued at approximately $341,000. Finally, State Street Corp grew its holdings in Xometry by 0.3% during the 3rd quarter. State Street Corp now owns 887,139 shares of the company’s stock valued at $16,297,000 after buying an additional 3,027 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Xometry news, COO Peter Goguen sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $34.50, for a total transaction of $103,500.00. Following the transaction, the chief operating officer now directly owns 164,993 shares in the company, valued at approximately $5,692,258.50. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO James Miln sold 1,346 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total transaction of $33,824.98. Following the completion of the sale, the chief financial officer now owns 144,713 shares in the company, valued at $3,636,637.69. This represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,256 shares of company stock valued at $2,075,069. Insiders own 16.79% of the company’s stock.

Xometry Price Performance

XMTR stock opened at $19.98 on Friday. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The business’s 50-day moving average is $29.56 and its two-hundred day moving average is $29.23. 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 firm has a market capitalization of $1.01 billion, a P/E ratio of -19.03 and a beta of 0.72.

Wall Street Analyst Weigh In

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

Xometry Company 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.