Insider Selling: Matterport, Inc. (NASDAQ:MTTR) CFO Sells 119,312 Shares of Stock

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 119,312 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $564,345.76. Following the sale, the chief financial officer now directly owns 1,690,458 shares of the company’s stock, valued at $7,995,866.34. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

James Daniel Fay also recently made the following trade(s):

• On Tuesday, October 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The stock was sold at an average price of $4.47, for a total transaction of $111,750.00.
• On Thursday, September 5th, James Daniel Fay sold 24,692 shares of Matterport stock. The shares were sold at an average price of $4.23, for a total transaction of $104,447.16.

Matterport Trading Down 0.6 %

MTTR stock traded down $0.03 during trading on Tuesday, reaching $4.72. 3,465,340 shares of the stock were exchanged, compared to its average volume of 2,702,356. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The company has a market capitalization of $1.52 billion, a P/E ratio of -5.69 and a beta of 1.06. The stock has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.45.

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

Institutional Trading of Matterport

Several hedge funds have recently modified their holdings of the company. Magnetar Financial LLC acquired a new position in Matterport in the second quarter worth $27,598,000. Water Island Capital LLC acquired a new position in Matterport in the second quarter valued at approximately $11,722,000. Millennium Management LLC raised its position in shares of Matterport by 142.3% in the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock valued at $13,506,000 after acquiring an additional 1,774,442 shares during the period. Alpine Associates Management Inc. bought a new stake in Matterport in the second quarter valued at approximately $5,816,000. Finally, Sand Grove Capital Management LLP boosted its position in shares of Matterport by 112.1% during the third quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after purchasing an additional 1,094,879 shares in the last quarter. Institutional investors and hedge funds 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.