Axa S.A. Raises Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Posted by Defense World Staff on Mar 2nd, 2023

Axa S.A. increased its position in Matterport, Inc. (NASDAQ:MTTR – Get Rating) by 9.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,178 shares of the company’s stock after purchasing an additional 10,844 shares during the period. Axa S.A.’s holdings in Matterport were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Matterport by 0.7% in the first quarter. Northern Trust Corp now owns 332,832 shares of the company’s stock worth $2,703,000 after acquiring an additional 2,258 shares during the last quarter. First Republic Investment Management Inc. grew its stake in shares of Matterport by 31.0% in the first quarter. First Republic Investment Management Inc. now owns 13,277 shares of the company’s stock worth $108,000 after acquiring an additional 3,144 shares during the last quarter. Hunter Associates Investment Management LLC grew its stake in shares of Matterport by 26.5% in the third quarter. Hunter Associates Investment Management LLC now owns 19,100 shares of the company’s stock worth $74,000 after acquiring an additional 4,000 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Matterport by 30.3% in the first quarter. ProShare Advisors LLC now owns 17,313 shares of the company’s stock worth $140,000 after acquiring an additional 4,031 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Matterport by 93.2% in the third quarter. Signaturefd LLC now owns 8,500 shares of the company’s stock worth $32,000 after acquiring an additional 4,100 shares during the last quarter. 33.11% of the stock is owned by hedge funds and other institutional investors.

Matterport Stock Performance

MTTR stock opened at $2.90 on Thursday. Matterport, Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $9.36. The business’s 50-day moving average is $3.15 and its two-hundred day moving average is $3.51. The company has a market cap of $833.58 million, a price-to-earnings ratio of -7.07 and a beta of 1.58.

Insider Buying and Selling at Matterport

In other Matterport news, CTO Japjit Tulsi sold 54,110 shares of the stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $3.08, for a total value of $166,658.80. Following the transaction, the chief technology officer now owns 351,605 shares of the company’s stock, valued at $1,082,943.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CTO Japjit Tulsi sold 54,110 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $3.08, for a total value of $166,658.80. Following the transaction, the chief technology officer now owns 351,605 shares of the company’s stock, valued at $1,082,943.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Jay Remley sold 54,076 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $3.08, for a total value of $166,554.08. Following the completion of the transaction, the executive now directly owns 538,461 shares in the company, valued at approximately $1,658,459.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 442,019 shares of company stock valued at $1,361,419. 24.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MTTR has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Matterport from $3.00 to $3.75 and gave the stock an “equal weight” rating in a research note on Friday, February 24th. Loop Capital dropped their price objective on Matterport from $12.00 to $8.00 in a research report on Thursday, February 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $4.00 price objective on shares of Matterport in a research report on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft cut Matterport from a “buy” rating to a “hold” rating and dropped their price objective for the company from $5.00 to $3.00 in a research report on Monday, January 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.29.

About Matterport

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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.