Matterport, Inc. (NASDAQ:MTTR) Insider Matthew Zinn Sells 17,476 Shares

Matterport, Inc. (NASDAQ:MTTR) insider Matthew Zinn sold 17,476 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $4.23, for a total value of $73,923.48. Following the completion of the sale, the insider now owns 434,980 shares of the company’s stock, valued at $1,839,965.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Matthew Zinn also recently made the following trade(s):

• On Tuesday, September 3rd, Matthew Zinn sold 31,808 shares of Matterport stock. The stock was sold at an average price of $4.41, for a total transaction of $140,273.28.

Matterport Trading Down 0.5 %

Shares of Matterport stock traded down $0.02 on Friday, reaching $4.18. 1,511,416 shares of the company were exchanged, compared to its average volume of 2,988,137. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $4.99. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -6.97 and a beta of 1.07. The stock has a fifty day moving average price of $4.33 and a 200-day moving average price of $3.61.

Matterport (NASDAQ:MTTR) last released its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $42.20 million during the quarter, compared to analyst estimates of $44.38 million. Matterport had a negative return on equity of 32.22% and a negative net margin of 164.17%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) earnings per share. On average, equities analysts anticipate that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Trading of Matterport

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Matterport by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock valued at $55,160,000 after buying an additional 520,490 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Matterport during the 2nd quarter worth $27,598,000. Millennium Management LLC raised its holdings 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 valued at $13,506,000 after purchasing an additional 1,774,442 shares in the last quarter. Water Island Capital LLC acquired a new stake in shares of Matterport in the 2nd quarter valued at $11,722,000. Finally, G2 Investment Partners Management LLC boosted its holdings in Matterport by 136.7% in the fourth quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after purchasing an additional 806,528 shares in the last quarter. 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.