Matterport, Inc. (NASDAQ:MTTR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.46 and last traded at $5.44, with a volume of 9097476 shares traded. The stock had previously closed at $5.40.
Matterport Price Performance
The stock has a 50 day moving average price of $5.11 and a 200-day moving average price of $4.80. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -6.48 and a beta of 1.06.
Matterport (NASDAQ:MTTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). The company had revenue of $43.82 million for the quarter, compared to analyst estimates of $42.87 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. As a group, research analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current year.
Insider Activity
In related news, CTO Japjit Tulsi sold 85,015 shares of the business'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 $402,120.95. Following the sale, the chief technology officer now owns 608,744 shares in the company, valued at approximately $2,879,359.12. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Jay Remley sold 82,229 shares of the business's stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 645,163 shares of company stock valued at $3,051,621 in the last quarter. Insiders own 17.50% of the company's stock.
Institutional Investors Weigh In On Matterport
Several institutional investors and hedge funds have recently modified their holdings of the company. AXA S.A. raised its holdings in shares of Matterport by 2.3% in the 4th quarter. AXA S.A. now owns 110,460 shares of the company's stock valued at $524,000 after buying an additional 2,499 shares during the period. Summit Investment Advisors Inc. increased its holdings in Matterport by 12.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 27,771 shares of the company's stock worth $132,000 after purchasing an additional 3,025 shares during the period. Swiss National Bank increased its holdings in Matterport by 0.9% during the 4th quarter. Swiss National Bank now owns 564,900 shares of the company's stock worth $2,678,000 after purchasing an additional 4,900 shares during the period. MetLife Investment Management LLC increased its holdings in Matterport by 3.2% during the 4th quarter. MetLife Investment Management LLC now owns 157,714 shares of the company's stock worth $748,000 after purchasing an additional 4,918 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Matterport by 8.6% during the 4th quarter. Franklin Resources Inc. now owns 61,992 shares of the company's stock worth $294,000 after purchasing an additional 4,929 shares during the period. Hedge funds and other institutional investors own 36.96% of the company's stock.
Matterport Company Profile
(
Get 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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