State of New Jersey Common Pension Fund D Invests $2.02 Million in Matterport, Inc. (NASDAQ:MTTR)

State of New Jersey Common Pension Fund D bought a new position in shares of Matterport, Inc. (NASDAQ:MTTR - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 447,760 shares of the company's stock, valued at approximately $2,015,000. State of New Jersey Common Pension Fund D owned about 0.14% of Matterport at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MTTR. B. Riley Wealth Advisors Inc. acquired a new position in shares of Matterport in the first quarter valued at $25,000. Redwood Wealth Management Group LLC acquired a new position in shares of Matterport in the second quarter valued at $29,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Matterport in the third quarter valued at $30,000. Cetera Advisors LLC acquired a new position in shares of Matterport in the first quarter valued at $44,000. Finally, Virtu Financial LLC increased its holdings in shares of Matterport by 31.9% in the first quarter. Virtu Financial LLC now owns 20,568 shares of the company's stock valued at $46,000 after purchasing an additional 4,969 shares during the last quarter. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Japjit Tulsi sold 32,032 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total transaction of $141,261.12. Following the completion of the sale, the chief technology officer now owns 586,390 shares of the company's stock, valued at $2,585,979.90. This represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Raymond J. Pittman sold 135,083 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total transaction of $595,716.03. Following the sale, the chief executive officer now directly owns 4,083,196 shares of the company's stock, valued at $18,006,894.36. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 469,671 shares of company stock valued at $2,045,982. 17.50% of the stock is owned by company insiders.

Matterport Price Performance

Shares of Matterport stock opened at $4.68 on Friday. The firm has a 50-day moving average of $4.62 and a 200-day moving average of $4.42. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $4.99.

Matterport (NASDAQ:MTTR - Get Free Report) last announced its 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 analysts' expectations of $43.91 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. Matterport's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share. As a group, equities analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current year.

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.