Insider Selling: Matterport, Inc. (NASDAQ:MTTR) CFO Sells 25,000 Shares of Stock

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $4.60, for a total value of $115,000.00. Following the completion of the transaction, the chief financial officer now owns 1,507,482 shares of the company’s stock, valued at approximately $6,934,417.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

James Daniel Fay also recently made the following trade(s):

• On Monday, April 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The shares were sold at an average price of $2.25, for a total value of $56,250.00.
• On Wednesday, March 6th, James Daniel Fay sold 20,735 shares of Matterport stock. The shares were sold at an average price of $1.94, for a total value of $40,225.90.
• On Monday, March 4th, James Daniel Fay sold 21,498 shares of Matterport stock. The shares were sold at an average price of $2.02, for a total transaction of $43,425.96.
• On Friday, March 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The stock was sold at an average price of $2.10, for a total transaction of $52,500.00.

Matterport Price Performance

MTTR opened at $4.54 on Friday. The firm has a market capitalization of $1.43 billion, a PE ratio of -6.88 and a beta of 1.11. The business’s 50-day moving average is $2.45 and its two-hundred day moving average is $2.43. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $4.99.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14). The firm had revenue of $39.55 million during the quarter, compared to analyst estimates of $40.11 million. Matterport had a negative net margin of 126.20% and a negative return on equity of 36.35%. As a group, sell-side analysts expect that Matterport, Inc. will post -0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MTTR shares. Piper Sandler boosted their price objective on Matterport from $3.00 to $5.50 and gave the company a “neutral” rating in a report on Monday, April 22nd. Wedbush lowered their price objective on shares of Matterport from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Loop Capital reaffirmed a “hold” rating and set a $5.50 target price (up from $5.00) on shares of Matterport in a research report on Tuesday, April 23rd. Northland Securities reiterated a “market perform” rating and issued a $5.50 price target on shares of Matterport in a report on Tuesday, April 23rd. Finally, BTIG Research started coverage on Matterport in a report on Friday, January 19th. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.50.

Institutional Trading of Matterport

A number of institutional investors have recently made changes to their positions in the business. 180 Wealth Advisors LLC acquired a new stake in Matterport in the third quarter worth about $27,000. Droms Strauss Advisors Inc. MO ADV acquired a new stake in shares of Matterport during the fourth quarter worth $27,000. Apollon Wealth Management LLC acquired a new stake in shares of Matterport during the fourth quarter worth $28,000. Private Advisor Group LLC purchased a new stake in shares of Matterport during the fourth quarter valued at $31,000. Finally, Choreo LLC acquired a new position in shares of Matterport in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

About Matterport

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.