JPMorgan Chase & Co. Has $8.85 Million Position in Matterport, Inc. (NASDAQ:MTTR)

JPMorgan Chase & Co. lifted its holdings in shares of Matterport, Inc. (NASDAQ:MTTR - Free Report) by 116.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,967,215 shares of the company's stock after acquiring an additional 1,057,537 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.61% of Matterport worth $8,852,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MTTR. Redwood Wealth Management Group LLC bought a new stake in Matterport in the 2nd quarter valued at about $29,000. Allspring Global Investments Holdings LLC acquired a new position in Matterport in the 3rd quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Matterport by 23.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company's stock valued at $63,000 after acquiring an additional 2,618 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Matterport by 111.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,664 shares of the company's stock worth $97,000 after purchasing an additional 11,403 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in Matterport during the third quarter worth about $120,000. Institutional investors own 36.96% of the company's stock.

Matterport Stock Up 0.8 %

Shares of NASDAQ:MTTR traded up $0.04 during midday trading on Tuesday, hitting $4.83. The stock had a trading volume of 3,170,461 shares, compared to its average volume of 4,237,708. The company's 50-day moving average price is $4.82 and its 200-day moving average price is $4.58. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $5.00. The company has a market capitalization of $1.56 billion, a P/E ratio of -5.82 and a beta of 1.05.

Matterport (NASDAQ:MTTR - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, meeting 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 the consensus estimate of $43.91 million. During the same quarter last year, the business posted ($0.04) EPS. The company's revenue was up 7.8% compared to the same quarter last year. Research analysts expect that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Matterport

In other Matterport news, CRO Jay Remley sold 82,229 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $388,943.17. Following the completion of the transaction, the executive now owns 1,408,626 shares of the company's stock, valued at $6,662,800.98. This represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James Daniel Fay sold 119,312 shares of Matterport stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $564,345.76. Following the sale, the chief financial officer now directly owns 1,690,458 shares in the company, valued at $7,995,866.34. The trade was a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 645,163 shares of company stock worth $3,051,621 over the last 90 days. Insiders own 17.50% of the company's stock.

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.