Olympiad Research LP Acquires 46,684 Shares of Matterport, Inc. (NASDAQ:MTTR)

Olympiad Research LP boosted its holdings in shares of Matterport, Inc. (NASDAQ:MTTR) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,766 shares of the company’s stock after purchasing an additional 46,684 shares during the quarter. Matterport comprises approximately 0.8% of Olympiad Research LP’s holdings, making the stock its 25th largest position. Olympiad Research LP’s holdings in Matterport were worth $729,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in 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 period. Charles Schwab Investment Management Inc. raised its holdings in Matterport by 14.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,945 shares of the company’s stock valued at $10,408,000 after acquiring an additional 288,544 shares in the last quarter. Western Standard LLC acquired a new position in Matterport in the 3rd quarter valued at approximately $3,322,000. Alpine Associates Management Inc. raised its holdings in Matterport by 57.2% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock valued at $9,206,000 after acquiring an additional 744,582 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in Matterport in the 3rd quarter valued at approximately $2,015,000. Institutional investors own 36.96% of the company’s stock.

Insider Buying and Selling at Matterport

In other news, CFO James Daniel Fay sold 119,312 shares of the 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 $564,345.76. Following the completion of 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 represents a 6.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Jay Remley sold 82,229 shares of the 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 $388,943.17. Following the completion of the transaction, the executive now directly owns 1,408,626 shares of the company’s stock, valued at approximately $6,662,800.98. The trade was a 5.52 % 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 in the last quarter. Corporate insiders own 17.50% of the company’s stock.

Matterport Stock Down 1.7 %

Matterport stock opened at $5.34 on Friday. The business has a 50 day moving average price of $5.06 and a two-hundred day moving average price of $4.75. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -6.43 and a beta of 1.06. Matterport, Inc. has a 12 month low of $1.73 and a 12 month high of $5.46.

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.