Matterport, Inc. (NASDAQ:MTTR) CFO Sells $108,250.00 in Stock

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $4.33, for a total transaction of $108,250.00. Following the completion of the transaction, the chief financial officer now owns 1,425,043 shares in the company, valued at $6,170,436.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, June 3rd, James Daniel Fay sold 86,768 shares of Matterport stock. The shares were sold at an average price of $4.41, for a total transaction of $382,646.88.
• On Wednesday, May 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The shares were sold at an average price of $4.60, for a total transaction of $115,000.00.

Matterport Stock Down 0.2 %

MTTR opened at $4.34 on Friday. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The company has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $3.02.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $39.87 million during the quarter, compared to analysts’ expectations of $39.98 million. Matterport had a negative net margin of 113.62% and a negative return on equity of 33.59%. Sell-side analysts anticipate that Matterport, Inc. will post -0.45 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on MTTR. Northland Securities restated a “market perform” rating and issued a $5.50 price target on shares of Matterport in a research note on Tuesday, April 23rd. Loop Capital reaffirmed a “hold” rating and set a $5.50 price objective (up previously from $5.00) on shares of Matterport in a research report on Tuesday, April 23rd. Finally, Piper Sandler upped their price objective 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. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new position in shares of Matterport in the first quarter worth about $25,000. Droms Strauss Advisors Inc. MO ADV bought a new position in Matterport in the 4th quarter valued at approximately $27,000. Apollon Wealth Management LLC bought a new position in Matterport in the 4th quarter valued at approximately $28,000. Private Advisor Group LLC bought a new position in Matterport in the 4th quarter valued at approximately $31,000. Finally, Choreo LLC bought a new position in Matterport in the 4th quarter valued at approximately $33,000. Institutional investors 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.