Matterport (NASDAQ:MTTR) Announces Earnings Results

Matterport (NASDAQ:MTTR) posted its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11), Zacks reports. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business had revenue of $43.82 million for the quarter, compared to analysts’ expectations of $42.87 million.

Matterport Trading Down 1.0 %

MTTR opened at $5.39 on Friday. Matterport has a 12-month low of $1.73 and a 12-month high of $5.46. The firm has a market capitalization of $1.74 billion, a PE ratio of -6.49 and a beta of 1.06. The firm has a 50 day moving average of $5.10 and a two-hundred day moving average of $4.78.

Insider Transactions at Matterport

In other Matterport news, CRO Jay Remley sold 82,229 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 transaction of $388,943.17. Following the sale, the executive now owns 1,408,626 shares of the company’s stock, valued at $6,662,800.98. The trade was a 5.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Raymond J. Pittman sold 358,607 shares of Matterport stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $1,696,211.11. Following the sale, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. This trade represents a 7.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 645,163 shares of company stock valued at $3,051,621 in the last 90 days. 17.50% of the stock is currently owned by company insiders.

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.