Olympiad Research LP Has $729,000 Holdings in Matterport, Inc. (NASDAQ:MTTR)

Olympiad Research LP lifted its stake in Matterport, Inc. (NASDAQ:MTTR) by 43.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 153,766 shares of the company’s stock after buying an additional 46,684 shares during the quarter. Matterport makes up about 0.8% of Olympiad Research LP’s holdings, making the stock its 25th biggest holding. Olympiad Research LP’s holdings in Matterport were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MTTR. Versant Capital Management Inc bought a new stake in Matterport during the 4th quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in Matterport during the 3rd quarter worth approximately $30,000. CIBC Asset Management Inc bought a new stake in Matterport during the 4th quarter worth approximately $50,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Matterport by 46.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 20,526 shares of the company’s stock worth $97,000 after acquiring an additional 6,525 shares during the last quarter. Finally, Palumbo Wealth Management LLC grew its position in Matterport by 65.7% during the 4th quarter. Palumbo Wealth Management LLC now owns 26,073 shares of the company’s stock worth $124,000 after acquiring an additional 10,341 shares during the last quarter. 36.96% of the stock is owned by institutional investors and hedge funds.

Matterport Price Performance

NASDAQ MTTR opened at $5.34 on Friday. The firm has a market cap of $1.72 billion, a PE ratio of -6.43 and a beta of 1.06. Matterport, Inc. has a one year low of $1.73 and a one year high of $5.46. The stock’s 50 day simple moving average is $5.06 and its 200 day simple moving average is $4.75.

Insider Buying and Selling

In other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $1,696,211.11. Following the transaction, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Jay Remley sold 82,229 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $388,943.17. Following the completion of the transaction, the executive now owns 1,408,626 shares in the company, valued at $6,662,800.98. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 645,163 shares of company stock worth $3,051,621 in the last three months. Insiders own 17.50% of the company’s stock.

Matterport Profile

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.