Insider Selling: Matterport, Inc. (NASDAQ:MTTR) CRO Sells 28,465 Shares of Stock

Matterport, Inc. (NASDAQ:MTTR) CRO Jay Remley sold 28,465 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $4.36, for a total transaction of $124,107.40. Following the transaction, the executive now directly owns 1,313,752 shares in the company, valued at $5,727,958.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jay Remley also recently made the following trade(s):

• On Friday, September 6th, Jay Remley sold 5,772 shares of Matterport stock. The stock was sold at an average price of $4.16, for a total value of $24,011.52.

Matterport Price Performance

Shares of MTTR stock traded down $0.02 during trading on Friday, reaching $4.18. The company had a trading volume of 1,511,416 shares, compared to its average volume of 2,988,137. The firm’s 50 day simple moving average is $4.33 and its two-hundred day simple moving average is $3.61. Matterport, Inc. has a one year low of $1.73 and a one year high of $4.99. The company has a market capitalization of $1.31 billion, a PE ratio of -6.97 and a beta of 1.07.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $44.38 million. Matterport had a negative net margin of 164.17% and a negative return on equity of 32.22%. Matterport’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.19) earnings per share. Analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Magnetar Financial LLC acquired a new stake in shares of Matterport in the second quarter valued at about $27,598,000. Water Island Capital LLC acquired a new stake in Matterport in the 2nd quarter valued at approximately $11,722,000. Millennium Management LLC increased its position in Matterport by 142.3% in the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock worth $13,506,000 after buying an additional 1,774,442 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of Matterport during the second quarter worth approximately $5,816,000. Finally, G2 Investment Partners Management LLC boosted its position in shares of Matterport by 136.7% in the fourth quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock valued at $3,757,000 after acquiring an additional 806,528 shares during the period. Institutional investors and hedge funds own 36.96% of the company’s stock.

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.