10,539 Shares in Matterport, Inc. (NASDAQ:MTTR) Bought by CIBC Asset Management Inc

CIBC Asset Management Inc bought a new position in Matterport, Inc. (NASDAQ:MTTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,539 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds have also modified their holdings of MTTR. Versant Capital Management Inc acquired a new position in shares of Matterport in the 4th quarter worth $29,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Matterport in the 3rd quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Matterport by 46.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 20,526 shares of the company’s stock worth $97,000 after acquiring an additional 6,525 shares during the last quarter. Palumbo Wealth Management LLC boosted its position in shares of Matterport by 65.7% in the fourth quarter. Palumbo Wealth Management LLC now owns 26,073 shares of the company’s stock worth $124,000 after buying an additional 10,341 shares during the period. Finally, Synergy Asset Management LLC boosted its position in shares of Matterport by 100.0% in the fourth quarter. Synergy Asset Management LLC now owns 32,000 shares of the company’s stock worth $150,000 after buying an additional 16,000 shares during the period. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Matterport

In related news, CEO Raymond J. Pittman sold 358,607 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 transaction of $1,696,211.11. Following the completion of the sale, the chief executive officer now owns 4,176,241 shares of the company’s stock, valued at approximately $19,753,619.93. This trade represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Jay Remley sold 82,229 shares of Matterport stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $388,943.17. Following the sale, the executive now directly owns 1,408,626 shares of the company’s stock, valued at approximately $6,662,800.98. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 645,163 shares of company stock valued at $3,051,621. Insiders own 17.50% of the company’s stock.

Matterport Stock Up 0.7 %

Shares of Matterport stock opened at $5.44 on Thursday. The stock has a market cap of $1.76 billion, a PE ratio of -6.55 and a beta of 1.06. The business has a fifty day simple moving average of $5.09 and a 200-day simple moving average of $4.78. Matterport, Inc. has a 12 month low of $1.73 and a 12 month high of $5.46.

Matterport (NASDAQ:MTTR) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. Analysts expect that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

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.