Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay Sells 25,000 Shares

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $4.60, for a total transaction of $115,000.00. Following the transaction, the chief financial officer now directly owns 1,507,482 shares in the company, valued at approximately $6,934,417.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

James Daniel Fay also recently made the following trade(s):

• On Monday, April 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The stock was sold at an average price of $2.25, for a total transaction of $56,250.00.
• On Wednesday, March 6th, James Daniel Fay sold 20,735 shares of Matterport stock. The stock was sold at an average price of $1.94, for a total transaction of $40,225.90.
• On Monday, March 4th, James Daniel Fay sold 21,498 shares of Matterport stock. The stock was sold at an average price of $2.02, for a total transaction of $43,425.96.
• On Friday, March 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The stock was sold at an average price of $2.10, for a total transaction of $52,500.00.

Matterport Price Performance

Shares of NASDAQ MTTR remained flat at $4.51 during mid-day trading on Thursday. 3,442,227 shares of the stock were exchanged, compared to its average volume of 3,871,117. The stock has a market cap of $1.42 billion, a PE ratio of -6.83 and a beta of 1.10. The stock has a 50 day moving average of $2.40 and a 200 day moving average of $2.42. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99.

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

Institutional Trading of Matterport

Hedge funds have recently added to or reduced their stakes in the business. Droms Strauss Advisors Inc. MO ADV bought a new stake in Matterport in the fourth quarter worth $27,000. Apollon Wealth Management LLC bought a new stake in Matterport in the fourth quarter worth $28,000. Private Advisor Group LLC bought a new stake in Matterport in the fourth quarter worth $31,000. Choreo LLC purchased a new position in shares of Matterport in the fourth quarter valued at about $33,000. Finally, 180 Wealth Advisors LLC purchased a new position in shares of Matterport in the third quarter valued at about $27,000. 36.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MTTR has been the subject of several research analyst reports. Wedbush decreased their price target on shares of Matterport from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Northland Securities reiterated a “market perform” rating and issued a $5.50 price objective on shares of Matterport in a research note on Tuesday, April 23rd. BTIG Research initiated coverage on shares of Matterport in a report on Friday, January 19th. They issued a “neutral” rating for the company. 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. Finally, Piper Sandler lifted their price objective on shares of Matterport from $3.00 to $5.50 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.