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

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 25,000 shares of the stock in a transaction that occurred on 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 sale was disclosed in a document filed 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 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 shares were sold at an average price of $4.60, for a total transaction of $115,000.00.

Matterport Price Performance

MTTR opened at $4.35 on Wednesday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -7.25 and a beta of 1.07. The company’s 50 day simple moving average is $4.35 and its two-hundred day simple moving average is $3.01. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.11) EPS 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 return on equity of 33.59% and a negative net margin of 113.62%. On average, equities analysts anticipate that Matterport, Inc. will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. G2 Investment Partners Management LLC increased its position in Matterport by 136.7% during the fourth quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after purchasing an additional 806,528 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $55,160,000 after buying an additional 520,490 shares during the period. IMC Chicago LLC acquired a new position in Matterport in the first quarter valued at approximately $465,000. GSA Capital Partners LLP grew its position in Matterport by 85.3% in the first 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 period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Matterport during the fourth quarter worth $344,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Analysts Set New Price Targets

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