Matterport, Inc. (NASDAQ:MTTR) CFO Sells $564,345.76 in Stock

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 119,312 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $564,345.76. Following the completion of the sale, the chief financial officer now owns 1,690,458 shares in the company, valued at approximately $7,995,866.34. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value 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 value of $104,447.16.

Matterport Trading Down 0.6 %

Shares of MTTR traded down $0.03 during trading hours on Tuesday, reaching $4.72. 3,465,340 shares of the stock traded hands, compared to its average volume of 2,702,356. The stock has a fifty day simple moving average of $4.69 and a 200 day simple moving average of $4.45. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -5.69 and a beta of 1.06. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Matterport by 7.8% in the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock worth $29,410,000 after buying an additional 471,641 shares during the last quarter. Barclays PLC raised its holdings in shares of Matterport by 325.6% during the 3rd quarter. Barclays PLC now owns 452,844 shares of the company’s stock worth $2,036,000 after acquiring an additional 346,434 shares in the last quarter. Western Standard LLC purchased a new position in shares of Matterport in the 3rd quarter worth $3,322,000. Sand Grove Capital Management LLP lifted its stake in shares of Matterport by 112.1% during the 3rd quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after acquiring an additional 1,094,879 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Matterport by 12.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,817 shares of the company’s stock worth $499,000 after buying an additional 12,233 shares during the period. 36.96% of the stock is currently owned by institutional investors.

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.