7,021 Shares in Matterport, Inc. (NASDAQ:MTTR) Bought by Vestcor Inc

Vestcor Inc acquired a new position in shares of Matterport, Inc. (NASDAQ:MTTR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,021 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in Matterport by 7.8% during the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock worth $29,410,000 after acquiring an additional 471,641 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Matterport by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,350,514 shares of the company’s stock worth $11,141,000 after purchasing an additional 37,569 shares in the last quarter. Alpine Associates Management Inc. boosted its position in Matterport by 9.5% during the fourth quarter. Alpine Associates Management Inc. now owns 2,239,182 shares of the company’s stock worth $10,614,000 after purchasing an additional 193,500 shares in the last quarter. Sand Grove Capital Management LLP boosted its position in Matterport by 112.1% during the third quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after purchasing an additional 1,094,879 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Matterport by 116.3% during the third quarter. JPMorgan Chase & Co. now owns 1,967,215 shares of the company’s stock worth $8,852,000 after purchasing an additional 1,057,537 shares in the last quarter. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Stock Performance

MTTR opened at $5.38 on Wednesday. The business’s fifty day moving average is $5.25 and its two-hundred day moving average is $4.88. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -6.48 and a beta of 1.06. Matterport, Inc. has a one year low of $1.73 and a one year high of $5.46.

Matterport (NASDAQ:MTTR) last posted its earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The firm had revenue of $43.82 million for the quarter, compared to analysts’ expectations of $42.87 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. On average, analysts predict that Matterport, Inc. will post -0.44 EPS for the current fiscal 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.