Matterport, Inc. (NASDAQ:MTTR) Stock Position Decreased by Sigma Planning Corp

Sigma Planning Corp decreased its position in Matterport, Inc. (NASDAQ:MTTR) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,325 shares of the company’s stock after selling 15,283 shares during the quarter. Sigma Planning Corp’s holdings in Matterport were worth $63,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Matterport by 1.3% during the third quarter. Vanguard Group Inc. now owns 23,383,072 shares of the company’s stock valued at $50,741,000 after purchasing an additional 306,958 shares during the last quarter. SG Americas Securities LLC bought a new position in Matterport in the 3rd quarter worth $559,000. Commonwealth Equity Services LLC raised its holdings in Matterport by 132.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 272,367 shares of the company’s stock worth $591,000 after acquiring an additional 154,961 shares during the period. Dark Forest Capital Management LP acquired a new position in Matterport during the 3rd quarter worth $291,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Matterport by 177.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 197,898 shares of the company’s stock valued at $429,000 after acquiring an additional 126,668 shares during the period. Institutional investors and hedge funds own 36.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Loop Capital reissued a “hold” rating and set a $5.50 price objective (up previously from $5.00) on shares of Matterport in a research report on Tuesday, April 23rd. Wedbush lowered their price objective 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. Piper Sandler upped 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. Northland Securities restated a “market perform” rating and set a $5.50 price objective on shares of Matterport in a report on Tuesday, April 23rd. Finally, BTIG Research started coverage on shares of Matterport in a research note on Friday, January 19th. They issued a “neutral” rating for the company. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.50.

Matterport Trading Up 0.4 %

Shares of MTTR opened at $4.74 on Tuesday. The stock has a market cap of $1.49 billion, a PE ratio of -7.18 and a beta of 1.73. The stock has a 50 day simple moving average of $2.31 and a 200-day simple moving average of $2.38. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $4.99.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). Matterport had a negative return on equity of 36.35% and a negative net margin of 126.20%. The firm had revenue of $39.55 million during the quarter, compared to the consensus estimate of $40.11 million. On average, sell-side analysts forecast that Matterport, Inc. will post -0.45 EPS for the current fiscal year.

Insider Activity

In other Matterport news, CEO Raymond J. Pittman sold 72,096 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $2.02, for a total value of $145,633.92. Following the transaction, the chief executive officer now directly owns 3,375,510 shares in the company, valued at approximately $6,818,530.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Matterport news, CEO Raymond J. Pittman sold 72,096 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $2.02, for a total value of $145,633.92. Following the transaction, the chief executive officer now directly owns 3,375,510 shares of the company’s stock, valued at $6,818,530.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $2.26, for a total transaction of $56,500.00. Following the sale, the chief financial officer now owns 1,404,944 shares of the company’s stock, valued at approximately $3,175,173.44. The disclosure for this sale can be found here. Insiders have sold 437,909 shares of company stock valued at $884,072 over the last three months. 16.10% of the stock is owned by insiders.

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.