Dynamic Technology Lab Private Ltd acquired a new stake in shares of Matterport, Inc. (NASDAQ:MTTR – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 127,773 shares of the company’s stock, valued at approximately $344,000.
Several other institutional investors have also added to or reduced their stakes in MTTR. Victory Capital Management Inc. lifted its holdings in shares of Matterport by 23.4% in the fourth quarter. Victory Capital Management Inc. now owns 33,901 shares of the company’s stock worth $91,000 after buying an additional 6,425 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Matterport by 16.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,734 shares of the company’s stock worth $188,000 after buying an additional 9,793 shares in the last quarter. Droms Strauss Advisors Inc. MO ADV purchased a new stake in shares of Matterport in the fourth quarter worth about $27,000. Principal Financial Group Inc. lifted its holdings in shares of Matterport by 39.1% in the third quarter. Principal Financial Group Inc. now owns 37,071 shares of the company’s stock worth $80,000 after buying an additional 10,427 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Matterport in the fourth quarter worth about $28,000. 36.96% of the stock is owned by hedge funds and other institutional investors.
Matterport Price Performance
Shares of NASDAQ MTTR opened at $4.42 on Monday. The firm’s 50 day simple moving average is $3.24 and its two-hundred day simple moving average is $2.70. Matterport, Inc. has a one year low of $1.73 and a one year high of $4.99. The stock has a market capitalization of $1.39 billion, a P/E ratio of -7.37 and a beta of 1.11.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Loop Capital reissued a “hold” rating and issued a $5.50 price target (up from $5.00) on shares of Matterport in a report on Tuesday, April 23rd. Northland Securities reaffirmed a “market perform” rating and issued a $5.50 target price on shares of Matterport in a research note on Tuesday, April 23rd. Wedbush lowered 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. Finally, Piper Sandler raised their target price on shares of Matterport from $3.00 to $5.50 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Matterport currently has a consensus rating of “Hold” and an average target price of $4.50.
Get Our Latest Report on Matterport
Insider Buying and Selling
In related news, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $2.10, for a total value of $52,500.00. Following the completion of the sale, the chief financial officer now owns 1,404,944 shares of the company’s stock, valued at $2,950,382.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Jay Remley sold 13,748 shares of Matterport stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $2.02, for a total value of $27,770.96. Following the completion of the transaction, the executive now owns 1,065,954 shares of the company’s stock, valued at approximately $2,153,227.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $2.10, for a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,404,944 shares of the company’s stock, valued at approximately $2,950,382.40. The disclosure for this sale can be found here. Insiders sold 437,909 shares of company stock valued at $942,572 over the last quarter. 17.50% of the stock is owned by company insiders.
Matterport Company Profile
(Free Report)
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.
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