Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay Sells 25,000 Shares

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $4.33, for a total value of $108,250.00. Following the transaction, the chief financial officer now owns 1,425,043 shares in the company, valued at approximately $6,170,436.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

James Daniel Fay also recently made the following trade(s):

• On Monday, June 3rd, James Daniel Fay sold 86,768 shares of Matterport stock. The shares were sold at an average price of $4.41, for a total value of $382,646.88.
• On Wednesday, May 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The shares were sold at an average price of $4.60, for a total value of $115,000.00.

Matterport Stock Down 0.2 %

NASDAQ:MTTR opened at $4.34 on Thursday. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The stock’s 50 day moving average price is $4.34 and its two-hundred day moving average price is $3.02.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $39.87 million for the quarter, compared to analyst estimates of $39.98 million. Matterport had a negative return on equity of 33.59% and a negative net margin of 113.62%. Sell-side analysts anticipate that Matterport, Inc. will post -0.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Loop Capital reiterated a “hold” rating and set a $5.50 price objective (up previously from $5.00) on shares of Matterport in a report on Tuesday, April 23rd. Piper Sandler lifted their target price on Matterport from $3.00 to $5.50 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Finally, Northland Securities reissued a “market perform” rating and issued a $5.50 target price on shares of Matterport in a research report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. G2 Investment Partners Management LLC increased its holdings in shares of Matterport by 136.7% during the 4th quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after acquiring an additional 806,528 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Matterport by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock worth $55,160,000 after acquiring an additional 520,490 shares during the last quarter. IMC Chicago LLC acquired a new position in shares of Matterport during the 1st quarter worth approximately $465,000. GSA Capital Partners LLP increased its holdings in shares of Matterport by 85.3% during the 1st quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock worth $880,000 after acquiring an additional 179,174 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Matterport during the 4th quarter worth approximately $344,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Company Profile

Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.