Matterport, Inc. (NASDAQ:MTTR) Stock Holdings Decreased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC reduced its position in Matterport, Inc. (NASDAQ:MTTRGet Rating) by 16.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,404 shares of the company’s stock after selling 3,550 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Matterport were worth $149,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Royce & Associates LP increased its position in shares of Matterport by 32.8% in the first quarter. Royce & Associates LP now owns 506,000 shares of the company’s stock worth $4,109,000 after acquiring an additional 125,000 shares in the last quarter. Level Four Advisory Services LLC purchased a new position in Matterport during the fourth quarter valued at approximately $221,000. Blair William & Co. IL grew its position in Matterport by 48.2% during the fourth quarter. Blair William & Co. IL now owns 30,092 shares of the company’s stock valued at $621,000 after purchasing an additional 9,792 shares in the last quarter. Pictet Asset Management SA purchased a new position in Matterport during the fourth quarter valued at approximately $36,044,000. Finally, Charles Schwab Investment Management Inc. grew its position in Matterport by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 904,144 shares of the company’s stock valued at $18,662,000 after purchasing an additional 19,015 shares in the last quarter. 41.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MTTR shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Matterport from $9.00 to $7.00 in a research report on Wednesday, May 11th. Morgan Stanley lowered their price objective on shares of Matterport from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. Wedbush downgraded shares of Matterport from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $6.00 in a research report on Tuesday, May 3rd. Finally, Piper Sandler lowered their price objective on shares of Matterport from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.57.

Insider Transactions at Matterport

In other news, CTO Japjit Tulsi sold 60,000 shares of the business’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $3.89, for a total value of $233,400.00. Following the completion of the sale, the chief technology officer now directly owns 346,486 shares in the company, valued at $1,347,830.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Jason Krikorian sold 868,407 shares of the business’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $5.43, for a total value of $4,715,450.01. Following the completion of the sale, the director now directly owns 21,194,049 shares in the company, valued at $115,083,686.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Japjit Tulsi sold 60,000 shares of the business’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $3.89, for a total transaction of $233,400.00. Following the completion of the sale, the chief technology officer now owns 346,486 shares of the company’s stock, valued at $1,347,830.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,090,550 shares of company stock worth $11,075,908. 24.20% of the stock is owned by insiders.

Matterport Price Performance

MTTR stock opened at $5.03 on Friday. Matterport, Inc. has a 12 month low of $3.51 and a 12 month high of $37.60. The firm has a 50 day moving average of $4.32 and a two-hundred day moving average of $6.30.

Matterport (NASDAQ:MTTRGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.46) by $0.69. Matterport had a negative net margin of 233.50% and a negative return on equity of 53.37%. The company had revenue of $28.51 million during the quarter, compared to the consensus estimate of $27.47 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts anticipate that Matterport, Inc. will post -0.79 EPS for the current year.

Matterport Profile

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Matterport, Inc, a spatial data company, focuses on digitization and datafication of the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality.

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Institutional Ownership by Quarter for Matterport (NASDAQ:MTTR)

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