Alpine Associates Management Inc. Invests $5.82 Million in Matterport, Inc. (NASDAQ:MTTR)

Alpine Associates Management Inc. bought a new position in shares of Matterport, Inc. (NASDAQ:MTTR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,301,100 shares of the company’s stock, valued at approximately $5,816,000. Alpine Associates Management Inc. owned approximately 0.41% of Matterport as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Matterport during the first quarter worth about $25,000. Redwood Wealth Management Group LLC acquired a new position in Matterport in the 2nd quarter valued at about $29,000. Private Advisor Group LLC acquired a new position in Matterport in the 4th quarter valued at about $31,000. Cetera Advisors LLC acquired a new position in Matterport in the 1st quarter valued at about $44,000. Finally, Virtu Financial LLC increased its position in Matterport by 31.9% in the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock valued at $46,000 after acquiring an additional 4,969 shares during the period. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Stock Up 0.2 %

Shares of MTTR stock opened at $4.45 on Monday. The stock has a market capitalization of $1.40 billion, a PE ratio of -7.42 and a beta of 1.08. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $4.99. The stock’s 50-day moving average price is $4.33 and its 200 day moving average price is $3.72.

Matterport (NASDAQ:MTTR) last issued its quarterly 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 analysts’ expectations 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 for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.19) EPS. Analysts expect that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Matterport news, CFO James Daniel Fay sold 69,943 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.42, for a total transaction of $309,148.06. Following the transaction, the chief financial officer now owns 1,618,120 shares in the company, valued at approximately $7,152,090.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Matterport news, CFO James Daniel Fay sold 69,943 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.42, for a total transaction of $309,148.06. Following the transaction, the chief financial officer now owns 1,618,120 shares in the company, valued at approximately $7,152,090.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Zinn sold 31,808 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total value of $140,273.28. Following the transaction, the insider now owns 481,687 shares in the company, valued at approximately $2,124,239.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 494,671 shares of company stock worth $2,152,482. Company insiders own 17.50% 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.