Matterport, Inc. (NASDAQ:MTTR) Insider Matthew Zinn Sells 17,476 Shares

Matterport, Inc. (NASDAQ:MTTR) insider Matthew Zinn sold 17,476 shares of the firm’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 $73,923.48. Following the completion of the transaction, the insider now owns 434,980 shares in the company, valued at approximately $1,839,965.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Matthew Zinn also recently made the following trade(s):

• On Tuesday, September 3rd, Matthew Zinn sold 31,808 shares of Matterport stock. The shares were sold at an average price of $4.41, for a total value of $140,273.28.

Matterport Stock Down 0.5 %

Shares of NASDAQ MTTR opened at $4.18 on Friday. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -6.97 and a beta of 1.08. The firm has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $3.62.

Matterport (NASDAQ:MTTR) last issued its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, hitting 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 previous year, the firm posted ($0.19) EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities research analysts expect that Matterport, Inc. will post -0.44 EPS for the current year.

Institutional Investors Weigh In On Matterport

Hedge funds have recently modified their holdings of the company. Choreo LLC increased its stake in Matterport by 101.9% during the first quarter. Choreo LLC now owns 24,833 shares of the company’s stock worth $56,000 after acquiring an additional 12,535 shares during the last quarter. G2 Investment Partners Management LLC increased its position in shares of Matterport by 136.7% during the 4th 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 during the last quarter. IMC Chicago LLC purchased a new stake in Matterport in the 1st quarter valued at about $465,000. GSA Capital Partners LLP increased its position in shares of Matterport by 85.3% during the first quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock valued at $880,000 after acquiring an additional 179,174 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Matterport during the fourth quarter worth $344,000. Hedge funds and other 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.