Matterport, Inc. (NASDAQ:MTTR) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,993 shares of the company’s stock after selling 20,919 shares during the period. LPL Financial LLC’s holdings in Matterport were worth $450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC lifted its stake in 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 acquiring an additional 346,434 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Matterport by 7.8% in the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock valued at $29,410,000 after purchasing an additional 471,641 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Matterport by 116.3% in the third 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 in the last quarter. Versant Capital Management Inc purchased a new stake in Matterport during the 4th quarter worth approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Matterport by 46.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 20,526 shares of the company’s stock worth $97,000 after buying an additional 6,525 shares in the last quarter. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

Matterport Price Performance

Shares of MTTR stock opened at $5.38 on Friday. Matterport, Inc. has a 52 week low of $3.90 and a 52 week high of $5.46. The firm has a 50 day moving average of $5.38 and a two-hundred day moving average of $5.06. The stock has a market capitalization of $1.74 billion, a PE ratio of -6.48 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last released its earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate 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%. Analysts expect that Matterport, Inc. will post -0.44 EPS for the current fiscal 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.