Matterport, Inc. (NASDAQ:MTTR) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in Matterport, Inc. (NASDAQ:MTTR) by 38.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,877 shares of the company’s stock after selling 19,192 shares during the period. Hsbc Holdings PLC’s holdings in Matterport were worth $146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Matterport by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 27,706,444 shares of the company’s stock valued at $131,329,000 after acquiring an additional 578,754 shares during the period. Geode Capital Management LLC increased its holdings in Matterport by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,568,596 shares of the company’s stock valued at $31,142,000 after purchasing an additional 34,434 shares in the last quarter. Alliancebernstein L.P. raised its position in Matterport by 2.1% in the fourth quarter. Alliancebernstein L.P. now owns 5,386,913 shares of the company’s stock valued at $25,534,000 after purchasing an additional 111,613 shares during the period. Water Island Capital LLC raised its position in Matterport by 2.0% in the fourth quarter. Water Island Capital LLC now owns 2,683,458 shares of the company’s stock valued at $12,720,000 after purchasing an additional 53,177 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Matterport by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,350,514 shares of the company’s stock worth $11,141,000 after purchasing an additional 37,569 shares in the last quarter. 36.96% of the stock is owned by institutional investors and hedge funds.

Matterport Price Performance

Shares of NASDAQ MTTR opened at $5.38 on Monday. Matterport, Inc. has a 1-year low of $3.90 and a 1-year high of $5.46. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -6.48 and a beta of 1.06. The business has a 50-day moving average of $5.38 and a 200-day moving average of $5.11.

Matterport (NASDAQ:MTTR) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The company had revenue of $43.82 million for the quarter, compared to analyst estimates of $42.87 million. Research analysts expect that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

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.