State of New Jersey Common Pension Fund D Buys New Shares in Matterport, Inc. (NASDAQ:MTTR)

State of New Jersey Common Pension Fund D bought a new position in Matterport, Inc. (NASDAQ:MTTR) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 447,760 shares of the company’s stock, valued at approximately $2,015,000. State of New Jersey Common Pension Fund D owned 0.14% of Matterport as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MTTR. Vanguard Group Inc. lifted its position in Matterport by 2.2% in the first quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock valued at $55,160,000 after purchasing an additional 520,490 shares during the last quarter. Magnetar Financial LLC bought a new stake in Matterport during the 2nd quarter valued at $27,598,000. Millennium Management LLC boosted its position in Matterport by 142.3% during the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock valued at $13,506,000 after buying an additional 1,774,442 shares during the period. Water Island Capital LLC bought a new stake in Matterport in the 2nd quarter worth $11,722,000. Finally, Alpine Associates Management Inc. bought a new position in shares of Matterport during the second quarter valued at about $5,816,000. 36.96% of the stock is owned by institutional investors.

Matterport Trading Down 1.7 %

Matterport stock opened at $4.68 on Friday. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The firm has a market cap of $1.51 billion, a P/E ratio of -5.64 and a beta of 1.07. The firm has a 50-day moving average of $4.62 and a 200-day moving average of $4.42.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $43.79 million for the quarter, compared to analyst estimates of $43.91 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. Research analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Matterport

In related news, CTO Japjit Tulsi sold 32,032 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total value of $141,261.12. Following the sale, the chief technology officer now directly owns 586,390 shares of the company’s stock, valued at $2,585,979.90. This represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $4.47, for a total value of $111,750.00. Following the transaction, the chief financial officer now directly owns 1,518,751 shares of the company’s stock, valued at $6,788,816.97. This represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 469,671 shares of company stock valued at $2,045,982. Company insiders own 17.50% of the company’s stock.

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.