Walleye Capital LLC Makes New Investment in Matterport, Inc. (NASDAQ:MTTR)

Walleye Capital LLC purchased a new stake in shares of Matterport, Inc. (NASDAQ:MTTRGet Rating) in the second quarter, HoldingsChannel reports. The firm purchased 26,555 shares of the company’s stock, valued at approximately $97,000.

A number of other institutional investors have also made changes to their positions in the stock. Synergy Asset Management LLC acquired a new position in shares of Matterport in the second quarter valued at approximately $59,000. Banque Pictet & Cie SA grew its holdings in Matterport by 404.0% during the 2nd quarter. Banque Pictet & Cie SA now owns 2,520,000 shares of the company’s stock worth $9,223,000 after acquiring an additional 2,020,000 shares in the last quarter. Candriam S.C.A. acquired a new position in Matterport during the 2nd quarter worth approximately $330,000. Carnegie Capital Asset Management LLC grew its holdings in Matterport by 4.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 699,600 shares of the company’s stock worth $2,561,000 after acquiring an additional 29,850 shares in the last quarter. Finally, Xponance Inc. acquired a new position in Matterport during the 2nd quarter worth approximately $43,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Matterport Trading Down 4.4 %

Shares of NASDAQ:MTTR opened at $3.23 on Monday. The company has a market capitalization of $928.44 million, a PE ratio of -3.76 and a beta of 1.53. Matterport, Inc. has a twelve month low of $2.62 and a twelve month high of $37.60. The firm has a 50 day simple moving average of $3.64 and a 200-day simple moving average of $4.27.

Analysts Set New Price Targets

Several research analysts have commented on MTTR shares. Morgan Stanley lowered their price target on shares of Matterport from $7.00 to $4.50 and set an “equal weight” rating for the company in a report on Wednesday, October 19th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Matterport from $7.00 to $5.00 in a report on Friday, November 11th. Wolfe Research assumed coverage on shares of Matterport in a research report on Tuesday, August 16th. They set a “market perform” rating for the company. Finally, Piper Sandler boosted their price objective on shares of Matterport from $5.00 to $6.00 and gave the stock an “overweight” rating in a research report on Friday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.90.

Insider Transactions at Matterport

In related news, CTO Japjit Tulsi sold 50,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $4.61, for a total value of $230,500.00. Following the completion of the sale, the chief technology officer now owns 295,571 shares in the company, valued at approximately $1,362,582.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CTO Japjit Tulsi sold 50,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $4.61, for a total value of $230,500.00. Following the completion of the sale, the chief technology officer now owns 295,571 shares in the company, valued at approximately $1,362,582.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jason Krikorian sold 368,255 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $4.22, for a total transaction of $1,554,036.10. Following the completion of the sale, the director now owns 17,863,987 shares of the company’s stock, valued at approximately $75,386,025.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,711,653 shares of company stock worth $7,790,456. 24.20% of the stock is currently owned by insiders.

Matterport Profile

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Matterport, Inc, a spatial data company, focuses on digitization and datafication of the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality.

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Institutional Ownership by Quarter for Matterport (NASDAQ:MTTR)

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