SG Americas Securities LLC Boosts Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

SG Americas Securities LLC increased its stake in shares of Matterport, Inc. (NASDAQ:MTTR - Free Report) by 294.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 183,893 shares of the company's stock after buying an additional 137,247 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Matterport worth $872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MTTR. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Matterport by 46.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 20,526 shares of the company's stock valued at $97,000 after acquiring an additional 6,525 shares during the last quarter. Versant Capital Management Inc purchased a new position in Matterport during the fourth quarter worth about $29,000. JPMorgan Chase & Co. boosted its holdings in Matterport by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,967,215 shares of the company's stock valued at $8,852,000 after purchasing an additional 1,057,537 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Matterport by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company's stock valued at $29,410,000 after buying an additional 471,641 shares during the period. Finally, Barclays PLC increased its holdings in shares of Matterport by 325.6% during the 3rd quarter. Barclays PLC now owns 452,844 shares of the company's stock worth $2,036,000 after buying an additional 346,434 shares during the last quarter. 36.96% of the stock is owned by institutional investors and hedge funds.

Matterport Price Performance

MTTR traded up $0.05 during trading hours on Friday, reaching $5.21. The company's stock had a trading volume of 2,767,498 shares, compared to its average volume of 3,863,512. The stock has a market cap of $1.68 billion, a PE ratio of -6.28 and a beta of 1.05. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $5.25. The business's 50-day moving average is $4.92 and its 200-day moving average is $4.65.

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

Insiders Place Their Bets

In other Matterport 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 transaction of $388,943.17. Following the transaction, the executive now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Raymond J. Pittman sold 358,607 shares of the firm'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 $1,696,211.11. Following the transaction, the chief executive officer now owns 4,176,241 shares of the company's stock, valued at approximately $19,753,619.93. This represents a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 645,163 shares of company stock valued at $3,051,621 over the last 90 days. 17.50% of the stock is owned by company insiders.

Matterport 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.