Matterport, Inc. (NASDAQ:MTTR) Stock Holdings Trimmed by Atom Investors LP

Atom Investors LP lowered its holdings in shares of Matterport, Inc. (NASDAQ:MTTR) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,890 shares of the company’s stock after selling 5,755 shares during the period. Atom Investors LP’s holdings in Matterport were worth $157,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. bought a new stake in Matterport during the 1st quarter valued at $25,000. Redwood Wealth Management Group LLC acquired a new position in shares of Matterport during the 2nd quarter valued at $29,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Matterport during the 3rd quarter valued at $30,000. Cetera Advisors LLC acquired a new position in shares of Matterport during the 1st quarter valued at $44,000. Finally, Virtu Financial LLC increased its position in shares of Matterport by 31.9% during the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock valued at $46,000 after purchasing an additional 4,969 shares during the period. Institutional investors own 36.96% of the company’s stock.

Insider Buying and Selling

In related news, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total value of $111,750.00. Following the transaction, the chief financial officer now directly owns 1,518,751 shares in the company, valued at $6,788,816.97. The trade was a 1.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Raymond J. Pittman sold 358,607 shares of Matterport stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $1,696,211.11. Following the transaction, the chief executive officer now owns 4,176,241 shares in the company, valued at $19,753,619.93. This represents a 7.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 675,935 shares of company stock worth $3,187,383 in the last three months. 17.50% of the stock is currently owned by insiders.

Matterport Stock Performance

Shares of MTTR stock opened at $4.75 on Thursday. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $4.99. The stock has a market cap of $1.53 billion, a PE ratio of -5.73 and a beta of 1.06. The business’s fifty day moving average is $4.70 and its 200-day moving average is $4.45.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings results 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 return on equity of 32.19% and a negative net margin of 157.21%. The company had revenue of $43.79 million for the quarter, compared to analysts’ expectations of $43.91 million. During the same period last year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current year.

Matterport 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.