Matterport Sees Unusually Large Options Volume (NASDAQ:MTTR)

Matterport, Inc. (NASDAQ:MTTRGet Free Report) was the recipient of unusually large options trading on Monday. Stock traders purchased 4,453 put options on the company. This represents an increase of approximately 155% compared to the average volume of 1,743 put options.

Matterport Stock Down 6.0 %

Shares of MTTR opened at $2.05 on Wednesday. The company has a market capitalization of $637.37 million, a PE ratio of -3.11 and a beta of 1.73. Matterport has a 52-week low of $1.74 and a 52-week high of $3.78. The company has a 50-day simple moving average of $2.14 and a 200-day simple moving average of $2.30.

Matterport (NASDAQ:MTTRGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14). Matterport had a negative return on equity of 36.35% and a negative net margin of 126.20%. The business had revenue of $39.55 million for the quarter, compared to analyst estimates of $40.11 million. On average, research analysts anticipate that Matterport will post -0.45 EPS for the current year.

Insider Buying and Selling

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $2.25, for a total value of $56,250.00. Following the completion of the sale, the chief financial officer now owns 1,314,918 shares in the company, valued at $2,958,565.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $2.25, for a total value of $56,250.00. Following the completion of the sale, the chief financial officer now directly owns 1,314,918 shares of the company’s stock, valued at $2,958,565.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Raymond J. Pittman sold 69,539 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $1.94, for a total transaction of $134,905.66. Following the sale, the chief executive officer now owns 3,231,873 shares of the company’s stock, valued at approximately $6,269,833.62. The disclosure for this sale can be found here. Insiders have sold 437,909 shares of company stock worth $884,072 in the last quarter. 16.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Matterport

A number of large investors have recently added to or reduced their stakes in MTTR. Barclays PLC lifted its holdings in shares of Matterport by 21.0% in the third quarter. Barclays PLC now owns 120,020 shares of the company’s stock valued at $260,000 after purchasing an additional 20,824 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Matterport by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,864,667 shares of the company’s stock worth $4,046,000 after purchasing an additional 90,581 shares during the last quarter. 180 Wealth Advisors LLC purchased a new stake in Matterport in the 3rd quarter valued at approximately $27,000. Dark Forest Capital Management LP purchased a new stake in Matterport in the 3rd quarter valued at approximately $291,000. Finally, Jump Financial LLC acquired a new stake in Matterport during the 3rd quarter valued at $55,000. 36.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BTIG Research initiated coverage on Matterport in a report on Friday, January 19th. They set a “neutral” rating for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $3.00 target price on shares of Matterport in a report on Wednesday, February 21st. Finally, Wedbush cut their price target on shares of Matterport from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd.

Check Out Our Latest Analysis on MTTR

About Matterport

(Get Free Report)

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.

Further Reading

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