Alpine Associates Management Inc. Acquires 744,582 Shares of Matterport, Inc. (NASDAQ:MTTR)

Alpine Associates Management Inc. lifted its position in Matterport, Inc. (NASDAQ:MTTR - Free Report) by 57.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,045,682 shares of the company's stock after buying an additional 744,582 shares during the quarter. Alpine Associates Management Inc. owned approximately 0.64% of Matterport worth $9,206,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MTTR. Magnetar Financial LLC bought a new position in shares of Matterport during the second quarter valued at approximately $27,598,000. Water Island Capital LLC purchased a new position in Matterport during the 2nd quarter valued at $11,722,000. Millennium Management LLC lifted its position in shares of Matterport by 142.3% in the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company's stock worth $13,506,000 after purchasing an additional 1,774,442 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Matterport by 770.0% during the 2nd quarter. Squarepoint Ops LLC now owns 856,510 shares of the company's stock valued at $3,829,000 after purchasing an additional 758,057 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Matterport during the second quarter valued at about $3,142,000. Institutional investors own 36.96% of the company's stock.

Insiders Place Their Bets

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $4.47, for a total transaction of $111,750.00. Following the transaction, the chief financial officer now owns 1,518,751 shares of the company's stock, valued at $6,788,816.97. The trade was a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Zinn sold 31,808 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total value of $140,273.28. Following the sale, the insider now owns 481,687 shares of the company's stock, valued at $2,124,239.67. This represents a 6.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,671 shares of company stock valued at $2,045,982. Company insiders own 17.50% of the company's stock.

Matterport Stock Performance

Shares of NASDAQ MTTR traded up $0.01 during mid-day trading on Wednesday, hitting $4.69. 763,063 shares of the stock traded hands, compared to its average volume of 2,707,666. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -5.64 and a beta of 1.07. The stock has a fifty day moving average price of $4.64 and a 200-day moving average price of $4.43.

Matterport (NASDAQ:MTTR - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The firm had revenue of $43.79 million for the quarter, compared to analysts' expectations of $43.91 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The company's quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

About Matterport

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.