Matterport, Inc. (NASDAQ:MTTR) CAO Peter Presunka Sells 2,690 Shares

Matterport, Inc. (NASDAQ:MTTR) CAO Peter Presunka sold 2,690 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $11,378.70. Following the completion of the sale, the chief accounting officer now directly owns 109,831 shares of the company’s stock, valued at approximately $464,585.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Peter Presunka also recently made the following trade(s):

• On Tuesday, September 3rd, Peter Presunka sold 4,897 shares of Matterport stock. The shares were sold at an average price of $4.41, for a total transaction of $21,595.77.

Matterport Trading Down 0.5 %

Shares of Matterport stock opened at $4.18 on Friday. The firm’s 50 day simple moving average is $4.32 and its two-hundred day simple moving average is $3.62. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -6.97 and a beta of 1.08. Matterport, Inc. has a 12-month low of $1.73 and a 12-month high of $4.99.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Matterport during the first quarter worth about $25,000. Apollon Wealth Management LLC acquired a new position in Matterport in the 4th quarter worth approximately $28,000. Redwood Wealth Management Group LLC purchased a new position in Matterport during the 2nd quarter worth approximately $29,000. Private Advisor Group LLC purchased a new position in Matterport during the 4th quarter worth approximately $31,000. Finally, Cetera Advisors LLC acquired a new stake in Matterport during the 1st quarter valued at approximately $44,000. 36.96% of the stock is owned by institutional investors and hedge funds.

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.