Deutsche Bank AG Sells 217,584 Shares of Matterport, Inc. (NASDAQ:MTTR)

Deutsche Bank AG reduced its position in Matterport, Inc. (NASDAQ:MTTR) by 44.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 269,719 shares of the company’s stock after selling 217,584 shares during the period. Deutsche Bank AG owned about 0.08% of Matterport worth $1,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTTR. Vestcor Inc bought a new position in shares of Matterport during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in Matterport during the fourth quarter valued at $34,000. CIBC Asset Management Inc bought a new position in Matterport in the fourth quarter valued at about $50,000. Dark Forest Capital Management LP purchased a new position in Matterport in the fourth quarter worth about $62,000. Finally, Raymond James Financial Inc. purchased a new position in Matterport in the fourth quarter worth about $88,000. 36.96% of the stock is owned by institutional investors.

Matterport Price Performance

NASDAQ MTTR opened at $5.38 on Monday. The company has a 50-day moving average price of $5.38 and a 200-day moving average price of $5.16. Matterport, Inc. has a 52 week low of $3.90 and a 52 week high of $5.46. The firm has a market capitalization of $1.74 billion, a P/E ratio of -6.48 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last announced its earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The business had revenue of $43.82 million for the quarter, compared to the consensus estimate of $42.87 million. As a group, equities research analysts anticipate that Matterport, Inc. will post -0.44 EPS for the current year.

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.