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

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $4.60, for a total value of $115,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,507,482 shares in the company, valued at approximately $6,934,417.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Daniel Fay also recently made the following trade(s):

• On Monday, April 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The shares were sold at an average price of $2.25, for a total value of $56,250.00.
• On Wednesday, March 6th, James Daniel Fay sold 20,735 shares of Matterport stock. The stock was sold at an average price of $1.94, for a total value of $40,225.90.
• On Monday, March 4th, James Daniel Fay sold 21,498 shares of Matterport stock. The stock was sold at an average price of $2.02, for a total value of $43,425.96.
• On Friday, March 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The stock was sold at an average price of $2.10, for a total value of $52,500.00.

Matterport Stock Performance

Shares of NASDAQ:MTTR remained flat at $4.51 during trading on Thursday. The stock had a trading volume of 3,442,227 shares, compared to its average volume of 3,871,117. Matterport, Inc. has a 12 month low of $1.73 and a 12 month high of $4.99. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -6.83 and a beta of 1.10. The company’s 50 day moving average is $2.40 and its 200-day moving average is $2.42.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.14). The company had revenue of $39.55 million during the quarter, compared to analysts’ expectations of $40.11 million. Matterport had a negative return on equity of 36.35% and a negative net margin of 126.20%. On average, analysts anticipate that Matterport, Inc. will post -0.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTTR. Loop Capital reissued a “hold” rating and set a $5.50 price target (up previously from $5.00) on shares of Matterport in a research report on Tuesday, April 23rd. BTIG Research began coverage on Matterport in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Northland Securities reissued a “market perform” rating and set a $5.50 price target on shares of Matterport in a research report on Tuesday, April 23rd. Wedbush lowered their price target on Matterport from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, February 22nd. Finally, Piper Sandler boosted their price objective on Matterport from $3.00 to $5.50 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Six 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.

Institutional Investors Weigh In On Matterport

Several institutional investors have recently made changes to their positions in MTTR. G2 Investment Partners Management LLC boosted its stake in shares of Matterport by 136.7% in the fourth quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock valued at $3,757,000 after buying an additional 806,528 shares during the period. Vanguard Group Inc. boosted its stake in shares of Matterport by 1.3% in the third quarter. Vanguard Group Inc. now owns 23,383,072 shares of the company’s stock valued at $50,741,000 after buying an additional 306,958 shares during the period. SG Americas Securities LLC bought a new stake in shares of Matterport in the third quarter valued at approximately $559,000. IMC Chicago LLC bought a new stake in shares of Matterport in the first quarter valued at approximately $465,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Matterport by 132.0% in the third quarter. Commonwealth Equity Services LLC now owns 272,367 shares of the company’s stock valued at $591,000 after buying an additional 154,961 shares during the period. 36.96% of the stock is currently owned by institutional investors.

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.