Barclays PLC Purchases 346,434 Shares of Matterport, Inc. (NASDAQ:MTTR)

Barclays PLC lifted its position in shares of Matterport, Inc. (NASDAQ:MTTR - Free Report) by 325.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 452,844 shares of the company's stock after purchasing an additional 346,434 shares during the period. Barclays PLC owned 0.14% of Matterport worth $2,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTTR. Redwood Wealth Management Group LLC purchased a new position in Matterport in the second quarter worth $29,000. Allspring Global Investments Holdings LLC bought a new position in Matterport during the third quarter valued at about $30,000. Trellis Wealth Advisors LLC purchased a new stake in Matterport during the second quarter worth about $49,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Matterport by 23.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company's stock worth $63,000 after acquiring an additional 2,618 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Matterport by 111.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,664 shares of the company's stock valued at $97,000 after acquiring an additional 11,403 shares during the last quarter. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

Matterport Price Performance

Shares of Matterport stock traded down $0.06 on Friday, reaching $4.72. 2,058,262 shares of the company traded hands, compared to its average volume of 2,679,472. The firm has a market capitalization of $1.52 billion, a PE ratio of -5.69 and a beta of 1.06. The company has a 50 day moving average of $4.76 and a 200 day moving average of $4.51. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $5.00.

Matterport (NASDAQ:MTTR - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share (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 business had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.91 million. During the same period last year, the business posted ($0.04) earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts anticipate that Matterport, Inc. will post -0.44 earnings per share for the current year.

Insider Buying and Selling

In other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $1,696,211.11. Following the sale, the chief executive officer now owns 4,176,241 shares in the company, valued at $19,753,619.93. This represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $4.47, for a total value of $111,750.00. Following the completion of the transaction, the chief financial officer now owns 1,518,751 shares of the company's stock, valued at approximately $6,788,816.97. This trade represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 670,163 shares of company stock valued at $3,163,371. 17.50% 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.