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 Thursday, August 1st. The shares were sold at an average price of $4.40, for a total transaction of $110,000.00. Following the sale, the chief financial officer now directly owns 1,617,608 shares in the company, valued at approximately $7,117,475.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, July 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The shares were sold at an average price of $4.33, for a total transaction of $108,250.00.
• On Monday, June 3rd, James Daniel Fay sold 86,768 shares of Matterport stock. The shares were sold at an average price of $4.41, for a total transaction of $382,646.88.

Matterport Stock Down 1.6 %

Shares of NASDAQ MTTR opened at $4.20 on Monday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -7.00 and a beta of 1.07. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $4.99. The business’s 50 day moving average is $4.28 and its two-hundred day moving average is $3.30.

Matterport (NASDAQ:MTTR) last announced its earnings results on Monday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $39.87 million for the quarter, compared to analyst estimates of $39.98 million. Matterport had a negative return on equity of 33.59% and a negative net margin of 113.62%. Analysts anticipate that Matterport, Inc. will post -0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Loop Capital reaffirmed a “hold” rating and set a $5.50 price target (up previously from $5.00) on shares of Matterport in a research report on Tuesday, April 23rd. Piper Sandler lifted their price target on shares of Matterport from $3.00 to $5.50 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Finally, Northland Securities reissued a “market perform” rating and issued a $5.50 target price on shares of Matterport in a research report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Matterport has a consensus rating of “Hold” and an average price target of $4.50.

Hedge Funds Weigh In On Matterport

Several institutional investors have recently modified their holdings of MTTR. B. Riley Wealth Advisors Inc. acquired a new position in shares of Matterport in the first quarter worth $25,000. Apollon Wealth Management LLC acquired a new position in shares of Matterport in the fourth quarter worth $28,000. Private Advisor Group LLC acquired a new position in shares of Matterport in the fourth quarter worth $31,000. Choreo LLC acquired a new position in shares of Matterport in the fourth quarter worth $33,000. Finally, Cetera Advisors LLC acquired a new position in shares of Matterport in the first quarter worth $44,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

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.