SBI Securities Co. Ltd. Makes New Investment in Matterport, Inc. (NASDAQ:MTTR)

SBI Securities Co. Ltd. purchased a new position in shares of Matterport, Inc. (NASDAQ:MTTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,152 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sand Grove Capital Management LLP increased its stake in shares of Matterport by 112.1% during the 3rd quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after purchasing an additional 1,094,879 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Matterport by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,967,215 shares of the company’s stock worth $8,852,000 after purchasing an additional 1,057,537 shares during the last quarter. Alpine Associates Management Inc. increased its stake in shares of Matterport by 57.2% during the 3rd 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 last quarter. Western Standard LLC acquired a new position in shares of Matterport during the 3rd quarter worth about $3,322,000. Finally, Geode Capital Management LLC increased its stake in shares of Matterport by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock worth $29,410,000 after purchasing an additional 471,641 shares during the last quarter. 36.96% of the stock is owned by institutional investors.

Matterport Stock Performance

Shares of MTTR opened at $5.38 on Wednesday. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $5.46. The firm has a market cap of $1.74 billion, a P/E ratio of -6.48 and a beta of 1.06. The firm’s 50-day simple moving average is $5.20 and its 200 day simple moving average is $4.85.

Matterport (NASDAQ:MTTR) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The company had revenue of $43.82 million during the quarter, compared to analyst estimates of $42.87 million. As a group, equities analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current year.

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.