Matterport, Inc. (NASDAQ:MTTR) CRO Jay Remley Sells 21,849 Shares of Stock

Posted by on Mar 7th, 2023

Matterport, Inc. (NASDAQ:MTTR – Get Rating) CRO Jay Remley sold 21,849 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $2.83, for a total transaction of $61,832.67. Following the sale, the executive now owns 647,150 shares in the company, valued at approximately $1,831,434.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Matterport Stock Performance

NASDAQ:MTTR opened at $2.94 on Tuesday. The stock’s fifty day moving average is $3.17 and its 200 day moving average is $3.44. Matterport, Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $9.36. The firm has a market capitalization of $855.72 million, a PE ratio of -7.17 and a beta of 1.60.

Analyst Upgrades and Downgrades

MTTR has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Matterport from $3.00 to $3.75 and gave the company an “equal weight” rating in a report on Friday, February 24th. Piper Sandler reissued an “overweight” rating and issued a $4.00 target price on shares of Matterport in a research report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft lowered Matterport from a “buy” rating to a “hold” rating and decreased their target price for the stock from $5.00 to $3.00 in a research report on Monday, January 23rd. Finally, Loop Capital reduced their price target on shares of Matterport from $12.00 to $8.00 in a research report on Thursday, February 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Matterport has an average rating of “Hold” and an average price target of $6.29.

Hedge Funds Weigh In On Matterport

Several institutional investors have recently made changes to their positions in MTTR. Nisa Investment Advisors LLC boosted its holdings in Matterport by 139.7% in the third quarter. Nisa Investment Advisors LLC now owns 7,359 shares of the company’s stock worth $26,000 after acquiring an additional 4,289 shares in the last quarter. TFC Financial Management Inc. purchased a new stake in shares of Matterport during the fourth quarter worth about $28,000. Signaturefd LLC boosted 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. Kestra Advisory Services LLC acquired a new stake in shares of Matterport in the fourth quarter worth approximately $34,000. Finally, Samalin Investment Counsel LLC acquired a new stake in shares of Matterport in the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 33.11% of the company’s stock.

About Matterport

(Get Rating)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Matterport (NASDAQ:MTTR)

Receive News & Ratings for Matterport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matterport and related companies with MarketBeat.com's FREE daily email newsletter.