Raymond James & Associates Decreases Holdings in Matterport, Inc. (NASDAQ:MTTR)

Raymond James & Associates lowered its position in Matterport, Inc. (NASDAQ:MTTR) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,162 shares of the company’s stock after selling 30,180 shares during the quarter. Raymond James & Associates owned approximately 0.09% of Matterport worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Matterport in the 3rd quarter valued at $559,000. Exchange Traded Concepts LLC raised its position in Matterport by 6.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,095,413 shares of the company’s stock worth $6,717,000 after purchasing an additional 178,460 shares during the period. Commonwealth Equity Services LLC lifted its stake in Matterport by 132.0% in the third quarter. Commonwealth Equity Services LLC now owns 272,367 shares of the company’s stock worth $591,000 after purchasing an additional 154,961 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Matterport by 54.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,941 shares of the company’s stock valued at $130,000 after buying an additional 21,179 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Matterport by 588.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 84,475 shares of the company’s stock valued at $183,000 after buying an additional 72,200 shares during the last quarter. 36.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $2.26, for a total transaction of $56,500.00. Following the sale, the chief financial officer now owns 1,404,944 shares in the company, valued at approximately $3,175,173.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Matterport news, CEO Raymond J. Pittman sold 72,096 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $2.02, for a total transaction of $145,633.92. Following the completion of the sale, the chief executive officer now directly owns 3,375,510 shares in the company, valued at approximately $6,818,530.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $2.26, for a total transaction of $56,500.00. Following the sale, the chief financial officer now directly owns 1,404,944 shares of the company’s stock, valued at approximately $3,175,173.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 437,909 shares of company stock worth $884,072. Company insiders own 16.10% of the company’s stock.

Matterport Stock Down 4.2 %

Shares of MTTR stock opened at $4.60 on Wednesday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -6.97 and a beta of 1.73. The stock has a fifty day moving average of $2.13 and a 200 day moving average of $2.31. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Matterport from $3.00 to $5.50 and gave the company a “neutral” rating in a research note on Monday. Northland Securities reissued a “market perform” rating and set a $5.50 price objective on shares of Matterport in a research note on Tuesday. Wedbush decreased their target price on shares of Matterport from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. 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. Finally, BTIG Research began coverage on shares of Matterport in a report on Friday, January 19th. They issued a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Matterport currently has a consensus rating of “Hold” and a consensus price target 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.