Alpine Associates Management Inc. Has $9.21 Million Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Alpine Associates Management Inc. lifted its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 57.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,045,682 shares of the company’s stock after purchasing an additional 744,582 shares during the period. Alpine Associates Management Inc.’s holdings in Matterport were worth $9,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MTTR. Swiss National Bank grew its stake 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 buying an additional 8,300 shares during the last quarter. Vanguard Group Inc. grew its stake in Matterport by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock valued at $55,160,000 after buying an additional 520,490 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Matterport in the 1st quarter valued at about $208,000. Price T Rowe Associates Inc. MD grew its stake in Matterport by 41.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 249,592 shares of the company’s stock valued at $565,000 after buying an additional 73,188 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Matterport by 116.9% in the 1st quarter. Janus Henderson Group PLC now owns 208,743 shares of the company’s stock valued at $473,000 after buying an additional 112,495 shares during the last quarter. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Stock Performance

Shares of MTTR opened at $4.68 on Wednesday. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99. The firm has a market cap of $1.51 billion, a P/E ratio of -5.64 and a beta of 1.07. The firm’s 50-day simple moving average is $4.64 and its 200 day simple moving average is $4.43.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.91 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) EPS. As a group, equities analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current year.

Insider Buying and Selling at Matterport

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $4.47, for a total value of $111,750.00. Following the completion of the sale, the chief financial officer now owns 1,518,751 shares of the company’s stock, valued at $6,788,816.97. The trade was a 1.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Raymond J. Pittman sold 135,083 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total transaction of $595,716.03. Following the completion of the sale, the chief executive officer now directly owns 4,083,196 shares of the company’s stock, valued at $18,006,894.36. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 469,671 shares of company stock valued at $2,045,982 in the last quarter. Company insiders own 17.50% 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.