Matterport, Inc. (NASDAQ:MTTR – Get Free Report) CFO James Daniel Fay sold 25,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.33, for a total value of $108,250.00. Following the transaction, the chief financial officer now owns 1,425,043 shares in the company, valued at approximately $6,170,436.19. The sale was disclosed in a document filed with the SEC, which is available 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 stock was 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 Price Performance
MTTR opened at $4.35 on Wednesday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -7.25 and a beta of 1.07. The company’s 50 day simple moving average is $4.35 and its two-hundred day simple moving average is $3.01. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. G2 Investment Partners Management LLC increased its position in Matterport by 136.7% during the fourth quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after purchasing an additional 806,528 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Matterport by 2.2% during 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 period. IMC Chicago LLC acquired a new position in Matterport in the first quarter valued at approximately $465,000. GSA Capital Partners LLP grew its position in Matterport by 85.3% in the first quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock worth $880,000 after acquiring an additional 179,174 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Matterport during the fourth quarter worth $344,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on MTTR shares. Piper Sandler upped 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. Loop Capital reissued a “hold” rating and set a $5.50 target price (up previously from $5.00) on shares of Matterport in a report on Tuesday, April 23rd. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $5.50 price target on shares of Matterport in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Matterport presently has an average rating of “Hold” and an average target price of $4.50.
Get Our Latest Stock Report on Matterport
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.
Recommended Stories
- Five stocks we like better than Matterport
- Investing in Travel Stocks Benefits
- RXO Shares Surge Following New Acquisition Deal
- How to invest in marijuana stocks in 7 stepsĀ
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- EV Stocks and How to Profit from Them
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for Matterport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matterport and related companies with MarketBeat.com's FREE daily email newsletter.