Matterport, Inc. (NASDAQ:MTTR) CEO Sells $313,925.22 in Stock

Matterport, Inc. (NASDAQ:MTTR) CEO Raymond J. Pittman sold 74,214 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $313,925.22. Following the completion of the sale, the chief executive officer now owns 3,884,843 shares of the company’s stock, valued at $16,432,885.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matterport Trading Down 0.5 %

Shares of MTTR opened at $4.18 on Friday. The company’s fifty day simple moving average is $4.32 and its 200-day simple moving average is $3.62. The company has a market cap of $1.31 billion, a P/E ratio of -6.97 and a beta of 1.08. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99.

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

Institutional Investors Weigh In On Matterport

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

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.