Rock Point Advisors LLC Reduces Stock Position in Matterport, Inc. (NASDAQ:MTTR)

Rock Point Advisors LLC lessened its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,671,385 shares of the company’s stock after selling 14,200 shares during the quarter. Matterport comprises about 2.1% of Rock Point Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Rock Point Advisors LLC’s holdings in Matterport were worth $7,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new stake in Matterport during the 1st quarter worth approximately $25,000. Redwood Wealth Management Group LLC bought a new stake in Matterport during the 2nd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in Matterport during the 3rd quarter worth approximately $30,000. Cetera Advisors LLC bought a new stake in Matterport during the 1st quarter worth approximately $44,000. Finally, Virtu Financial LLC raised its stake in Matterport by 31.9% during the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock worth $46,000 after acquiring an additional 4,969 shares during the period. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Trading Up 0.4 %

NASDAQ MTTR traded up $0.02 on Tuesday, reaching $4.90. 132,903 shares of the stock were exchanged, compared to its average volume of 2,693,576. Matterport, Inc. has a one year low of $1.73 and a one year high of $4.99. The firm has a market capitalization of $1.58 billion, a PE ratio of -5.88 and a beta of 1.07. The company’s 50-day simple moving average is $4.66 and its two-hundred day simple moving average is $4.43.

Matterport (NASDAQ:MTTR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The firm had revenue of $43.79 million for the quarter, compared to analysts’ expectations of $43.91 million. During the same quarter last year, the business posted ($0.04) earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Activity

In other Matterport news, CFO James Daniel Fay sold 69,943 shares of Matterport stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.42, for a total transaction of $309,148.06. Following the completion of the sale, the chief financial officer now directly owns 1,618,120 shares of the company’s stock, valued at $7,152,090.40. The trade was a 4.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Raymond J. Pittman sold 135,083 shares of the firm’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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold 469,671 shares of company stock valued at $2,045,982 in the last ninety days. Insiders own 17.50% 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.