500,000 Shares in Latch, Inc. (NASDAQ:LTCH) Purchased by Financial Architects Inc

Financial Architects Inc acquired a new position in shares of Latch, Inc. (NASDAQ:LTCH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $6,135,000. Latch makes up approximately 0.9% of Financial Architects Inc’s holdings, making the stock its 28th largest position.

Separately, Thompson Siegel & Walmsley LLC bought a new stake in Latch during the second quarter worth $908,000. Hedge funds and other institutional investors own 33.70% of the company’s stock.

NASDAQ:LTCH traded up $0.60 during trading hours on Wednesday, hitting $13.75. 10,957 shares of the company were exchanged, compared to its average volume of 971,430. Latch, Inc. has a one year low of $9.46 and a one year high of $19.70. The business’s fifty day moving average is $12.16.

Several research analysts have commented on LTCH shares. Zacks Investment Research downgraded Latch from a “hold” rating to a “sell” rating in a research note on Wednesday, September 1st. KeyCorp began coverage on shares of Latch in a research note on Tuesday, August 17th. They issued a “sector weight” rating for the company. The Goldman Sachs Group started coverage on shares of Latch in a report on Thursday, July 29th. They set a “buy” rating and a $18.00 price target for the company. Cantor Fitzgerald started coverage on Latch in a research report on Thursday, July 1st. They set an “overweight” rating and a $19.00 price objective on the stock. Finally, Robert W. Baird started coverage on Latch in a research report on Thursday, June 17th. They issued a “neutral” rating and a $14.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.86.

About Latch

Latch, Inc makes spaces better places to live, work, and visit through a system of software, devices, and services in the United States. Its products include LatchOS for Commercial Office, a commercial solution that would extend smart access, visitor and delivery management, smart device and sensor control, connectivity, and identity and personalization solutions to meet the needs of modern office spaces; Latch Visitor Express, a contactless visitor entry system; The Latch Lens Partner Program that enables access device partners to leverage Latch's software and Latch Lens; LatchID, an identification system that creates a network of users, across spaces, and devices; and Latch C2, a smart access solution for retrofits and new construction.

Read More: Understanding the different types of bonds

Want to see what other hedge funds are holding LTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Latch, Inc. (NASDAQ:LTCH).

Institutional Ownership by Quarter for Latch (NASDAQ:LTCH)

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