Axa S.A. Grows Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Axa S.A. boosted its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 110,460 shares of the company’s stock after purchasing an additional 2,499 shares during the period. Axa S.A.’s holdings in Matterport were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MTTR. JPMorgan Chase & Co. lifted its holdings in shares of Matterport by 116.3% during the third 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 period. SG Americas Securities LLC lifted its stake in shares of Matterport by 294.2% in the 4th quarter. SG Americas Securities LLC now owns 183,893 shares of the company’s stock worth $872,000 after acquiring an additional 137,247 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Matterport in the fourth quarter valued at about $34,000. Barclays PLC increased its stake in shares of Matterport by 325.6% during the third quarter. Barclays PLC now owns 452,844 shares of the company’s stock worth $2,036,000 after acquiring an additional 346,434 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in Matterport during the fourth quarter worth about $50,000. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

Matterport Stock Performance

Shares of MTTR opened at $5.38 on Friday. The stock’s 50 day moving average is $5.38 and its two-hundred day moving average is $5.10. Matterport, Inc. has a twelve month low of $3.90 and a twelve month high of $5.46. The firm has a market capitalization of $1.74 billion, a PE ratio of -6.48 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share 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 business had revenue of $43.82 million during the quarter, compared to analysts’ expectations of $42.87 million. On average, sell-side analysts predict that Matterport, Inc. will post -0.44 EPS 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.