Matterport, Inc. (NASDAQ:MTTR) Insider Matthew Zinn Sells 49,255 Shares of Stock

Matterport, Inc. (NASDAQ:MTTRGet Free Report) insider Matthew Zinn sold 49,255 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $4.41, for a total transaction of $217,214.55. Following the completion of the sale, the insider now directly owns 390,410 shares in the company, valued at $1,721,708.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Matthew Zinn also recently made the following trade(s):

  • On Wednesday, March 6th, Matthew Zinn sold 56,080 shares of Matterport stock. The stock was sold at an average price of $1.94, for a total transaction of $108,795.20.

Matterport Trading Down 1.4 %

Shares of NASDAQ MTTR opened at $4.35 on Wednesday. Matterport, Inc. has a 12-month low of $1.73 and a 12-month high of $4.99. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -7.25 and a beta of 1.08. The stock’s 50 day simple moving average is $3.59 and its 200 day simple moving average is $2.79.

Matterport (NASDAQ:MTTRGet Free Report) last posted its earnings results on Monday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $39.87 million for the quarter, compared to analysts’ expectations of $39.98 million. Matterport had a negative return on equity of 33.59% and a negative net margin of 113.62%. As a group, equities analysts forecast that Matterport, Inc. will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC increased its stake 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 period. Victory Capital Management Inc. increased its position in Matterport by 23.4% in the 4th quarter. Victory Capital Management Inc. now owns 33,901 shares of the company’s stock valued at $91,000 after acquiring an additional 6,425 shares during the period. Swiss National Bank increased its position in Matterport by 1.6% in the 1st quarter. Swiss National Bank now owns 512,900 shares of the company’s stock valued at $1,159,000 after acquiring an additional 8,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Matterport by 16.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,734 shares of the company’s stock valued at $188,000 after acquiring an additional 9,793 shares in the last quarter. Finally, Droms Strauss Advisors Inc. MO ADV acquired a new position in Matterport during the 4th quarter worth $27,000. 36.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on MTTR shares. Piper Sandler increased their price target on shares of Matterport from $3.00 to $5.50 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Northland Securities reaffirmed a “market perform” rating and set a $5.50 target price on shares of Matterport in a report on Tuesday, April 23rd. Wedbush decreased their target price on Matterport from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Finally, Loop Capital reissued a “hold” rating and set a $5.50 price target (up from $5.00) on shares of Matterport in a research report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.50.

Read Our Latest Stock Analysis on MTTR

About Matterport

(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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Insider Buying and Selling by Quarter for Matterport (NASDAQ:MTTR)

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