IMC Chicago LLC Invests $465,000 in Matterport, Inc. (NASDAQ:MTTR)

IMC Chicago LLC acquired a new stake in shares of Matterport, Inc. (NASDAQ:MTTR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 205,792 shares of the company’s stock, valued at approximately $465,000. IMC Chicago LLC owned 0.07% of Matterport as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in Matterport by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 33,901 shares of the company’s stock valued at $91,000 after purchasing an additional 6,425 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Matterport by 16.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,734 shares of the company’s stock worth $188,000 after acquiring an additional 9,793 shares in the last quarter. Droms Strauss Advisors Inc. MO ADV bought a new stake in shares of Matterport in the 4th quarter worth about $27,000. Apollon Wealth Management LLC bought a new position in shares of Matterport during the fourth quarter worth about $28,000. Finally, Private Advisor Group LLC acquired a new position in Matterport in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Trading Up 8.2 %

Matterport stock opened at $4.47 on Friday. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -7.45 and a beta of 1.08. The company’s 50-day moving average price is $4.36 and its two-hundred day moving average price is $2.98.

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

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $2.25, for a total transaction of $56,250.00. Following the completion of the transaction, the chief financial officer now owns 1,314,918 shares of the company’s stock, valued at $2,958,565.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CTO Japjit Tulsi sold 35,960 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $4.41, for a total transaction of $158,583.60. Following the completion of the sale, the chief technology officer now directly owns 483,737 shares of the company’s stock, valued at approximately $2,133,280.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $2.25, for a total value of $56,250.00. Following the sale, the chief financial officer now directly owns 1,314,918 shares in the company, valued at $2,958,565.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 475,645 shares of company stock worth $2,048,344. 17.50% of the stock is owned by company insiders.

About Matterport

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.