Synergy Asset Management LLC Acquires 16,000 Shares of Matterport, Inc. (NASDAQ:MTTR)

Synergy Asset Management LLC grew its stake in Matterport, Inc. (NASDAQ:MTTR) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,000 shares of the company’s stock after buying an additional 16,000 shares during the period. Synergy Asset Management LLC’s holdings in Matterport were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MTTR. Millennium Management LLC grew its position in Matterport by 142.3% in the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock valued at $13,506,000 after purchasing an additional 1,774,442 shares during the period. Sand Grove Capital Management LLP grew its holdings in shares of Matterport by 112.1% in the third quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock valued at $9,323,000 after acquiring an additional 1,094,879 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Matterport by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,967,215 shares of the company’s stock valued at $8,852,000 after purchasing an additional 1,057,537 shares during the last quarter. Alpine Associates Management Inc. raised its stake in shares of Matterport by 57.2% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock worth $9,206,000 after purchasing an additional 744,582 shares during the period. Finally, Western Standard LLC bought a new stake in Matterport in the third quarter worth about $3,322,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Stock Performance

MTTR stock opened at $5.16 on Friday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -6.22 and a beta of 1.05. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $5.25. The stock has a fifty day moving average of $4.91 and a 200-day moving average of $4.64.

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

Insider Transactions at Matterport

In other news, CTO Japjit Tulsi sold 85,015 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $402,120.95. Following the transaction, the chief technology officer now directly owns 608,744 shares in the company, valued at approximately $2,879,359.12. This represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Raymond J. Pittman sold 358,607 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $1,696,211.11. Following the completion of the sale, the chief executive officer now owns 4,176,241 shares of the company’s stock, valued at $19,753,619.93. The trade was a 7.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 645,163 shares of company stock valued at $3,051,621. 17.50% of the stock is owned by corporate insiders.

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.