Wolverine Asset Management LLC Has $630,000 Stake in Matterport, Inc. (NASDAQ:MTTR)

Wolverine Asset Management LLC raised its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,999 shares of the company’s stock after buying an additional 13,934 shares during the period. Wolverine Asset Management LLC’s holdings in Matterport were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc acquired a new stake in shares of Matterport during the fourth quarter worth approximately $50,000. Palumbo Wealth Management LLC increased its holdings in shares of Matterport by 65.7% in the fourth quarter. Palumbo Wealth Management LLC now owns 26,073 shares of the company’s stock valued at $124,000 after purchasing an additional 10,341 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Matterport by 2.8% in the fourth quarter. Rhumbline Advisers now owns 349,591 shares of the company’s stock valued at $1,657,000 after purchasing an additional 9,442 shares in the last quarter. Synergy Asset Management LLC increased its holdings in shares of Matterport by 100.0% in the fourth quarter. Synergy Asset Management LLC now owns 32,000 shares of the company’s stock valued at $150,000 after purchasing an additional 16,000 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Matterport by 294.2% in the fourth quarter. SG Americas Securities LLC now owns 183,893 shares of the company’s stock valued at $872,000 after purchasing an additional 137,247 shares in the last quarter. Institutional investors and hedge funds own 36.96% of the company’s stock.

Insider Activity at Matterport

In other Matterport news, CFO James Daniel Fay sold 119,312 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $564,345.76. Following the transaction, the chief financial officer now directly owns 1,690,458 shares of the company’s stock, valued at approximately $7,995,866.34. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Raymond J. Pittman sold 358,607 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $1,696,211.11. Following the completion of the transaction, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. The trade was a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 645,163 shares of company stock valued at $3,051,621 over the last quarter. Corporate insiders own 17.50% of the company’s stock.

Matterport Price Performance

Shares of Matterport stock opened at $5.34 on Friday. The firm has a market cap of $1.72 billion, a P/E ratio of -6.43 and a beta of 1.06. The firm has a 50 day simple moving average of $5.06 and a 200 day simple moving average of $4.75. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $5.46.

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.