Matterport (NASDAQ:MTTR) Announces Quarterly Earnings Results, Misses Expectations By $0.11 EPS

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

Matterport Price Performance

NASDAQ MTTR opened at $5.39 on Friday. The company has a market cap of $1.74 billion, a P/E ratio of -6.49 and a beta of 1.06. The stock has a 50-day moving average of $5.10 and a two-hundred day moving average of $4.78. Matterport has a 1-year low of $1.73 and a 1-year high of $5.46.

Insider Transactions at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $1,696,211.11. Following the completion of the sale, the chief executive officer now owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. The trade was a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Daniel Fay sold 119,312 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 645,163 shares of company stock valued at $3,051,621. 17.50% of the stock is currently owned by corporate 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.