Matterport (NASDAQ:MTTR) Reaches New 12-Month High - What's Next?

Matterport, Inc. (NASDAQ:MTTR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $5.25 and last traded at $5.25, with a volume of 1088112 shares. The stock had previously closed at $5.21.

Matterport Stock Up 0.8 %

The firm has a fifty day moving average of $4.97 and a 200 day moving average of $4.68.

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

Insider Activity at Matterport

In related news, CRO Jay Remley sold 82,229 shares of the company's stock in a transaction on 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 directly owns 1,408,626 shares in the company, valued at approximately $6,662,800.98. This represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Raymond J. Pittman sold 358,607 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $1,696,211.11. Following the completion of the sale, the chief executive officer now owns 4,176,241 shares of the company's stock, valued at $19,753,619.93. The trade was a 7.91 % decrease in their position. 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 in the last ninety days. 17.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Matterport

Several large investors have recently modified their holdings of MTTR. The Manufacturers Life Insurance Company raised its position in shares of Matterport by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 103,824 shares of the company's stock worth $464,000 after buying an additional 2,550 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 purchasing an additional 2,618 shares in the last quarter. Versant Capital Management Inc bought a new stake in Matterport during the fourth quarter worth about $29,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Matterport in the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Matterport during the 4th quarter valued at about $34,000. Institutional investors 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.