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

Matterport, Inc. (NASDAQ:MTTR) insider Matthew Zinn sold 17,476 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $4.23, for a total value of $73,923.48. Following the sale, the insider now owns 434,980 shares in the company, valued at approximately $1,839,965.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 3rd, Matthew Zinn sold 31,808 shares of Matterport stock. The stock was 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 firm has a market cap of $1.31 billion, a P/E ratio of -6.97 and a beta of 1.08. The business’s 50 day moving average price is $4.32 and its 200 day moving average price is $3.62.

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

Hedge Funds Weigh In On Matterport

Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in shares of Matterport by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 33,901 shares of the company’s stock valued at $91,000 after purchasing an additional 6,425 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Matterport in the fourth quarter worth about $31,000. Apollon Wealth Management LLC purchased a new position in shares of Matterport in the 4th quarter valued at about $28,000. Wealthspire Advisors LLC raised its holdings in Matterport by 52.9% in the 4th quarter. Wealthspire Advisors LLC now owns 180,030 shares of the company’s stock worth $484,000 after purchasing an additional 62,311 shares during the period. Finally, Ieq Capital LLC purchased a new position in Matterport during the fourth quarter worth approximately $271,000. 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.