Rock Point Advisors LLC Has $7.52 Million Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Rock Point Advisors LLC cut its holdings in shares of Matterport, Inc. (NASDAQ:MTTR) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,671,385 shares of the company’s stock after selling 14,200 shares during the period. Matterport comprises approximately 2.1% of Rock Point Advisors LLC’s portfolio, making the stock its 19th largest position. Rock Point Advisors LLC owned 0.52% of Matterport worth $7,521,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MTTR. Magnetar Financial LLC bought a new stake in shares of Matterport in the 2nd quarter valued at $27,598,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Matterport in the second quarter valued at approximately $3,142,000. Alpine Associates Management Inc. grew its stake in Matterport by 57.2% during the third quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock valued at $9,206,000 after acquiring an additional 744,582 shares in the last quarter. Water Island Capital LLC purchased a new position in Matterport during the second quarter valued at approximately $11,722,000. Finally, Calamos Advisors LLC purchased a new position in Matterport in the 2nd quarter worth approximately $1,520,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Matterport Price Performance

MTTR stock traded up $0.02 during midday trading on Tuesday, reaching $4.90. The company had a trading volume of 132,903 shares, compared to its average volume of 2,693,576. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $4.99. The company has a market capitalization of $1.58 billion, a P/E ratio of -5.88 and a beta of 1.07. The firm has a 50-day moving average price of $4.66 and a 200-day moving average price of $4.43.

Matterport (NASDAQ:MTTR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The company had revenue of $43.79 million during the quarter, compared to analysts’ expectations of $43.91 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Matterport, Inc. will post -0.44 EPS for the current year.

Insider Activity at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 135,083 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $595,716.03. Following the completion of the transaction, the chief executive officer now directly owns 4,083,196 shares in the company, valued at approximately $18,006,894.36. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total transaction of $111,750.00. Following the completion of the transaction, the chief financial officer now owns 1,518,751 shares of the company’s stock, valued at $6,788,816.97. This trade represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 469,671 shares of company stock worth $2,045,982 in the last three months. 17.50% of the stock is owned by insiders.

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.