Certuity LLC Has $58,000 Stock Position in Matterport, Inc. (NASDAQ:MTTR)

Certuity LLC reduced its position in Matterport, Inc. (NASDAQ:MTTR) by 42.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,237 shares of the company’s stock after selling 9,057 shares during the period. Certuity LLC’s holdings in Matterport were worth $58,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in shares of Matterport in the 4th quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC acquired a new stake in Matterport in the third quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Matterport by 46.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 20,526 shares of the company’s stock worth $97,000 after acquiring an additional 6,525 shares in the last quarter. Synergy Asset Management LLC increased its stake in shares of Matterport by 100.0% during the 4th quarter. Synergy Asset Management LLC now owns 32,000 shares of the company’s stock worth $150,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Matterport during the 3rd quarter valued at $252,000. 36.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Matterport

In related news, 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 trade represents a 7.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Daniel Fay sold 119,312 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $564,345.76. Following the sale, the chief financial officer now owns 1,690,458 shares of the company’s stock, valued at $7,995,866.34. This trade represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 645,163 shares of company stock valued at $3,051,621. Corporate insiders own 17.50% of the company’s stock.

Matterport Trading Down 0.2 %

Shares of NASDAQ:MTTR opened at $5.21 on Friday. The stock has a market capitalization of $1.68 billion, a PE ratio of -6.28 and a beta of 1.06. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $5.36. The firm has a fifty day moving average price of $5.01 and a 200 day moving average price of $4.70.

Matterport (NASDAQ:MTTR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $43.79 million during the quarter, compared to analysts’ expectations of $43.91 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. On average, sell-side analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current fiscal 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.