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Geode Capital Management LLC Increases Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Matterport logo with Business Services background

Geode Capital Management LLC boosted its position in shares of Matterport, Inc. (NASDAQ:MTTR - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,534,162 shares of the company's stock after buying an additional 471,641 shares during the period. Geode Capital Management LLC owned 2.02% of Matterport worth $29,410,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Matterport by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 103,824 shares of the company's stock worth $464,000 after purchasing an additional 2,550 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Matterport by 23.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company's stock worth $63,000 after purchasing an additional 2,618 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Matterport by 3.2% during the second quarter. Blair William & Co. IL now owns 168,473 shares of the company's stock worth $753,000 after buying an additional 5,226 shares in the last quarter. Choreo LLC raised its position in shares of Matterport by 23.9% in the second quarter. Choreo LLC now owns 30,772 shares of the company's stock valued at $135,000 after buying an additional 5,939 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Matterport by 21.9% in the second quarter. Principal Financial Group Inc. now owns 35,382 shares of the company's stock worth $158,000 after buying an additional 6,362 shares in the last quarter. Institutional investors and hedge funds own 36.96% of the company's stock.

Matterport Price Performance

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

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, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $43.91 million. During the same period in the previous year, the firm posted ($0.04) EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Matterport

In other news, CFO James Daniel Fay sold 25,000 shares of the firm's 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 completion of the sale, the chief financial officer now owns 1,518,751 shares in the company, valued at $6,788,816.97. This trade represents a 1.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Jay Remley sold 82,229 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were 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 in the company, valued at $6,662,800.98. This represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 670,163 shares of company stock worth $3,163,371 in the last three months. 17.50% of the stock is owned by corporate insiders.

Matterport Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Matterport (NASDAQ:MTTR)

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