Matterport, Inc. (NASDAQ:MTTR) CAO Sells $11,378.70 in Stock

Matterport, Inc. (NASDAQ:MTTR) CAO Peter Presunka sold 2,690 shares of the company’s 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 $11,378.70. Following the completion of the transaction, the chief accounting officer now directly owns 109,831 shares of the company’s stock, valued at approximately $464,585.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Peter Presunka also recently made the following trade(s):

• On Tuesday, September 3rd, Peter Presunka sold 4,897 shares of Matterport stock. The stock was sold at an average price of $4.41, for a total transaction of $21,595.77.

Matterport Stock Down 0.5 %

MTTR traded down $0.02 during midday trading on Friday, hitting $4.18. 1,511,416 shares of the company were exchanged, compared to its average volume of 2,988,137. The firm’s 50 day moving average price is $4.33 and its 200-day moving average price is $3.61. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The firm has a market capitalization of $1.31 billion, a P/E ratio of -6.97 and a beta of 1.07.

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

Hedge Funds Weigh In On Matterport

Hedge funds have recently bought and sold shares of the company. Choreo LLC raised its position in shares of Matterport by 101.9% in the 1st quarter. Choreo LLC now owns 24,833 shares of the company’s stock worth $56,000 after acquiring an additional 12,535 shares in the last quarter. G2 Investment Partners Management LLC increased its holdings in Matterport by 136.7% in the fourth quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after purchasing an additional 806,528 shares in the last quarter. IMC Chicago LLC acquired a new position in Matterport in the first quarter valued at approximately $465,000. GSA Capital Partners LLP boosted its holdings in shares of Matterport by 85.3% during the 1st quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock worth $880,000 after buying an additional 179,174 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Matterport during the 4th quarter worth approximately $344,000. Institutional investors own 36.96% of the company’s stock.

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.