Raymond J. Pittman Sells 358,607 Shares of Matterport, Inc. (NASDAQ:MTTR) Stock

Matterport, Inc. (NASDAQ:MTTR) CEO Raymond J. Pittman sold 358,607 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 $1,696,211.11. Following the sale, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. This represents a 7.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Matterport Price Performance

Matterport stock traded down $0.03 during midday trading on Tuesday, hitting $4.72. The company’s stock had a trading volume of 3,465,340 shares, compared to its average volume of 2,702,356. The company has a 50-day moving average price of $4.69 and a two-hundred day moving average price of $4.45. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99.

Matterport (NASDAQ:MTTR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $43.91 million. During the same quarter last year, the business earned ($0.04) EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Analysts forecast that Matterport, Inc. will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Matterport

A number of large investors have recently added to or reduced their stakes in MTTR. The Manufacturers Life Insurance Company increased its holdings in shares of Matterport by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 103,824 shares of the company’s stock worth $464,000 after purchasing an additional 2,550 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Matterport by 23.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company’s stock valued at $63,000 after purchasing an additional 2,618 shares in the last quarter. Virtu Financial LLC raised its stake in Matterport by 31.9% in 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 last quarter. Blair William & Co. IL boosted its holdings in Matterport by 3.2% during the second quarter. Blair William & Co. IL now owns 168,473 shares of the company’s stock worth $753,000 after buying an additional 5,226 shares in the last quarter. Finally, Choreo LLC grew its holdings in shares of Matterport by 23.9% during the second quarter. Choreo LLC now owns 30,772 shares of the company’s stock worth $135,000 after buying an additional 5,939 shares in the last quarter. 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.