Matterport, Inc. (NASDAQ:MTTR) CFO Sells $108,250.00 in Stock

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $4.33, for a total transaction of $108,250.00. Following the completion of the sale, the chief financial officer now owns 1,425,043 shares in the company, valued at $6,170,436.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $4.41, for a total transaction of $382,646.88.
• On Wednesday, May 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The stock was sold at an average price of $4.60, for a total transaction of $115,000.00.

Matterport Stock Performance

MTTR opened at $4.34 on Friday. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The firm has a 50-day moving average price of $4.33 and a two-hundred day moving average price of $3.02.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $39.87 million during the quarter, compared to analysts’ expectations of $39.98 million. Matterport had a negative net margin of 113.62% and a negative return on equity of 33.59%. As a group, equities research analysts predict that Matterport, Inc. will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Matterport

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position 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 buying an additional 520,490 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Matterport by 4.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,221,465 shares of the company’s stock worth $8,666,000 after buying an additional 126,052 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Matterport by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,864,667 shares of the company’s stock worth $4,046,000 after buying an additional 90,581 shares during the period. G2 Investment Partners Management LLC grew its position 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 buying an additional 806,528 shares during the period. Finally, Swiss National Bank grew its position in shares of Matterport by 1.6% during the 1st quarter. Swiss National Bank now owns 512,900 shares of the company’s stock worth $1,159,000 after buying an additional 8,300 shares during the period. Institutional investors and hedge funds own 36.96% of the company’s stock.

Wall Street Analyst Weigh In

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

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.