Matterport, Inc. (NASDAQ:MTTR) Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC decreased its holdings in Matterport, Inc. (NASDAQ:MTTR) by 9.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,100 shares of the company’s stock after selling 2,500 shares during the quarter. Clarity Capital Partners LLC’s holdings in Matterport were worth $57,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Droms Strauss Advisors Inc. MO ADV acquired a new position in shares of Matterport during the 4th quarter worth approximately $27,000. Apollon Wealth Management LLC purchased a new position in Matterport during the fourth quarter valued at $28,000. Private Advisor Group LLC acquired a new stake in shares of Matterport in the fourth quarter valued at about $31,000. Choreo LLC purchased a new stake in shares of Matterport during the fourth quarter worth about $33,000. Finally, TFB Advisors LLC acquired a new position in shares of Matterport during the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Loop Capital reiterated a “hold” rating and set a $5.50 price objective (up from $5.00) on shares of Matterport in a research note on Tuesday, April 23rd. Piper Sandler increased their price objective on Matterport from $3.00 to $5.50 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, Northland Securities restated a “market perform” rating and issued a $5.50 price objective on shares of Matterport in a report on Tuesday, April 23rd. Six 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.

Insider Buying and Selling

In related news, CEO Raymond J. Pittman sold 209,180 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $4.41, for a total value of $922,483.80. Following the sale, the chief executive officer now directly owns 3,695,530 shares in the company, valued at approximately $16,297,287.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $4.60, for a total transaction of $115,000.00. Following the sale, the chief financial officer now directly owns 1,507,482 shares of the company’s stock, valued at approximately $6,934,417.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Raymond J. Pittman sold 209,180 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $4.41, for a total transaction of $922,483.80. Following the completion of the transaction, the chief executive officer now directly owns 3,695,530 shares of the company’s stock, valued at approximately $16,297,287.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 475,645 shares of company stock worth $2,100,344. Insiders own 17.50% of the company’s stock.

Matterport Stock Performance

Shares of MTTR stock traded down $0.04 during trading hours on Wednesday, reaching $4.13. The company had a trading volume of 1,402,305 shares, compared to its average volume of 3,403,148. Matterport, Inc. has a 12-month low of $1.73 and a 12-month high of $4.99. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -6.88 and a beta of 1.07. The stock has a fifty day moving average of $4.30 and a 200-day moving average of $3.07.

Matterport (NASDAQ:MTTR) last issued its earnings results on Monday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. Matterport had a negative return on equity of 33.59% and a negative net margin of 113.62%. The company had revenue of $39.87 million during the quarter, compared to analysts’ expectations of $39.98 million. On average, analysts forecast that Matterport, Inc. will post -0.45 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.