Matterport, Inc. (NASDAQ:MTTR) CFO Sells $104,447.16 in Stock

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 24,692 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $4.23, for a total value of $104,447.16. Following the transaction, the chief financial officer now owns 1,552,126 shares in the company, valued at approximately $6,565,492.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Daniel Fay also recently made the following trade(s):

• On Tuesday, September 3rd, James Daniel Fay sold 69,943 shares of Matterport stock. The shares were sold at an average price of $4.42, for a total transaction of $309,148.06.
• On Thursday, August 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The shares were sold at an average price of $4.40, for a total value of $110,000.00.
• On Monday, July 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The stock was sold at an average price of $4.33, for a total value of $108,250.00.

Matterport Trading Down 0.5 %

Shares of NASDAQ:MTTR traded down $0.02 on Friday, reaching $4.18. 1,511,416 shares of the company’s stock were exchanged, compared to its average volume of 2,988,137. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -6.97 and a beta of 1.07. The company has a fifty day moving average of $4.33 and a 200-day moving average of $3.61. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99.

Matterport (NASDAQ:MTTR) last released its earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $42.20 million for the quarter, compared to analyst estimates of $44.38 million. Matterport had a negative net margin of 164.17% and a negative return on equity of 32.22%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.19) EPS. As a group, equities research analysts forecast that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Matterport

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Matterport by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock valued at $55,160,000 after purchasing an additional 520,490 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Matterport during the second quarter valued at approximately $27,598,000. Millennium Management LLC lifted its stake in Matterport by 142.3% during the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock valued at $13,506,000 after acquiring an additional 1,774,442 shares in the last quarter. Water Island Capital LLC purchased a new position in Matterport during the 2nd quarter worth $11,722,000. Finally, G2 Investment Partners Management LLC grew its stake in shares of Matterport by 136.7% in the 4th quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after acquiring an additional 806,528 shares in the last quarter. 36.96% of the stock is currently owned by institutional investors.

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.