Investors Buy High Volume of Put Options on Matterport (NASDAQ:MTTR)

Matterport, Inc. (NASDAQ:MTTR) was the target of some unusual options trading activity on Monday. Traders purchased 10,281 put options on the stock. This is an increase of 1,024% compared to the average volume of 915 put options.

Insider Buying and Selling at Matterport

In other news, insider Matthew Zinn sold 31,808 shares of Matterport stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total transaction of $140,273.28. Following the sale, the insider now owns 481,687 shares of the company’s stock, valued at approximately $2,124,239.67. The trade was a 6.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Raymond J. Pittman sold 135,083 shares of Matterport stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total transaction of $595,716.03. Following the sale, the chief executive officer now owns 4,083,196 shares of the company’s stock, valued at approximately $18,006,894.36. This represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 469,671 shares of company stock valued at $2,045,982 over the last ninety days. Corporate insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Matterport

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Matterport by 2.2% during the first quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock worth $55,160,000 after acquiring an additional 520,490 shares during the period. Geode Capital Management LLC lifted its stake in shares of Matterport by 7.8% in the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock valued at $29,410,000 after purchasing an additional 471,641 shares during the period. Magnetar Financial LLC acquired a new position in Matterport during the second quarter worth about $27,598,000. Millennium Management LLC boosted its stake in shares of Matterport by 142.3% during the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock worth $13,506,000 after acquiring an additional 1,774,442 shares in the last quarter. Finally, Water Island Capital LLC acquired a new stake in shares of Matterport in the 2nd quarter worth approximately $11,722,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Stock Performance

Shares of NASDAQ MTTR remained flat at $4.68 during midday trading on Monday. The company had a trading volume of 1,258,494 shares, compared to its average volume of 2,721,388. The company has a market capitalization of $1.51 billion, a PE ratio of -5.64 and a beta of 1.07. Matterport has a 52-week low of $1.73 and a 52-week high of $4.99. The company’s 50-day moving average is $4.62 and its two-hundred day moving average is $4.42.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates 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 during 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. As a group, equities research analysts predict that Matterport will post -0.44 earnings per share for the current year.

About Matterport

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.