Japjit Tulsi Sells 17,599 Shares of Matterport, Inc. (NASDAQ:MTTR) Stock

Matterport, Inc. (NASDAQ:MTTR) CTO Japjit Tulsi sold 17,599 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $74,443.77. Following the sale, the chief technology officer now directly owns 539,354 shares of the company’s stock, valued at $2,281,467.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Japjit Tulsi also recently made the following trade(s):

• On Tuesday, September 3rd, Japjit Tulsi sold 32,032 shares of Matterport stock. The shares were sold at an average price of $4.41, for a total value of $141,261.12.

Matterport Price Performance

Matterport stock traded down $0.02 during mid-day 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 stock’s 50-day simple moving average is $4.33 and its 200-day simple moving average is $3.61. The company has a market capitalization of $1.31 billion, a P/E ratio of -6.97 and a beta of 1.07. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $4.99.

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

Institutional Investors Weigh In On Matterport

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Matterport by 2.2% in the first quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock worth $55,160,000 after buying an additional 520,490 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Matterport during the second quarter valued at $27,598,000. Millennium Management LLC lifted its holdings in Matterport by 142.3% in the second quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock worth $13,506,000 after purchasing an additional 1,774,442 shares during the period. Water Island Capital LLC bought a new position in Matterport in the 2nd quarter valued at about $11,722,000. Finally, G2 Investment Partners Management LLC increased its stake in Matterport by 136.7% during the 4th quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock valued at $3,757,000 after buying an additional 806,528 shares during the period. 36.96% of the stock is owned by institutional investors and hedge funds.

Matterport Company 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.