6,450 Shares in Matterport, Inc. (NASDAQ:MTTR) Purchased by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC acquired a new stake in shares of Matterport, Inc. (NASDAQ:MTTR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,450 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Matterport by 25.3% in the second quarter. American Century Companies Inc. now owns 373,478 shares of the company’s stock valued at $1,669,000 after purchasing an additional 75,403 shares during the period. Choreo LLC lifted its position in shares of Matterport by 23.9% during the second quarter. Choreo LLC now owns 30,772 shares of the company’s stock worth $135,000 after acquiring an additional 5,939 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Matterport by 9.7% in the second quarter. Arizona State Retirement System now owns 78,336 shares of the company’s stock worth $350,000 after acquiring an additional 6,934 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Matterport in the second quarter valued at $456,000. Finally, Trellis Wealth Advisors LLC bought a new stake in shares of Matterport during the 2nd quarter valued at $49,000. Institutional investors own 36.96% of the company’s stock.

Insider Activity at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 135,083 shares of Matterport stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total transaction of $595,716.03. Following the completion of the sale, the chief executive officer now directly owns 4,083,196 shares in the company, valued at $18,006,894.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.33, for a total transaction of $108,250.00. Following the transaction, the chief financial officer now directly owns 1,425,043 shares in the company, valued at $6,170,436.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Raymond J. Pittman sold 135,083 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total transaction of $595,716.03. Following the completion of the sale, the chief executive officer now owns 4,083,196 shares of the company’s stock, valued at $18,006,894.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 494,671 shares of company stock valued at $2,152,482. Company insiders own 17.50% of the company’s stock.

Matterport Stock Up 0.2 %

Shares of NASDAQ MTTR opened at $4.45 on Monday. The business has a 50-day simple moving average of $4.33 and a two-hundred day simple moving average of $3.72. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99. The company has a market cap of $1.40 billion, a P/E ratio of -7.42 and a beta of 1.08.

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

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.