Versant Capital Management Inc Purchases New Shares in Matterport, Inc. (NASDAQ:MTTR)

Versant Capital Management Inc acquired a new position in Matterport, Inc. (NASDAQ:MTTR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,038 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Matterport by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,945 shares of the company’s stock worth $10,408,000 after buying an additional 288,544 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Matterport during the second quarter valued at approximately $27,598,000. Alpine Associates Management Inc. grew its stake in Matterport by 57.2% in the third quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock worth $9,206,000 after purchasing an additional 744,582 shares during the period. Western Standard LLC purchased a new stake in shares of Matterport in the 3rd quarter worth about $3,322,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Matterport during the second quarter valued at approximately $3,142,000. 36.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO James Daniel Fay sold 119,312 shares of Matterport stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $564,345.76. Following the completion of the sale, the chief financial officer now owns 1,690,458 shares of the company’s stock, valued at $7,995,866.34. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Raymond J. Pittman sold 358,607 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $1,696,211.11. Following the completion of the transaction, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. This represents a 7.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 645,163 shares of company stock valued at $3,051,621. Corporate insiders own 17.50% of the company’s stock.

Matterport Price Performance

MTTR opened at $4.89 on Wednesday. The firm has a market cap of $1.58 billion, a PE ratio of -5.89 and a beta of 1.05. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $5.00. The stock has a 50-day moving average price of $4.78 and a 200-day moving average price of $4.55.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The firm had revenue of $43.79 million for the quarter, compared to analysts’ expectations of $43.91 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Matterport, Inc. will post -0.44 EPS for the current year.

Matterport 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.