Matterport, Inc. (NASDAQ:MTTR) CAO Sells $21,595.77 in Stock

Matterport, Inc. (NASDAQ:MTTR) CAO Peter Presunka sold 4,897 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $21,595.77. Following the sale, the chief accounting officer now directly owns 117,021 shares in the company, valued at $516,062.61. The transaction was disclosed in a filing with the SEC, which is available at this link.

Peter Presunka also recently made the following trade(s):

• On Thursday, September 5th, Peter Presunka sold 2,690 shares of Matterport stock. The stock was sold at an average price of $4.23, for a total transaction of $11,378.70.

Matterport Stock Performance

Shares of NASDAQ:MTTR opened at $4.18 on Friday. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The company’s fifty day moving average is $4.32 and its two-hundred day moving average is $3.62. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -6.97 and a beta of 1.08.

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

Institutional Trading of Matterport

Hedge funds have recently made changes to their positions in the stock. Choreo LLC lifted its position in Matterport by 101.9% in the 1st quarter. Choreo LLC now owns 24,833 shares of the company’s stock valued at $56,000 after purchasing an additional 12,535 shares during the last quarter. G2 Investment Partners Management LLC boosted its position in shares of Matterport by 136.7% during the fourth quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after buying an additional 806,528 shares during the period. IMC Chicago LLC bought a new position in Matterport in the 1st quarter worth approximately $465,000. GSA Capital Partners LLP increased its position in Matterport by 85.3% in the 1st quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock valued at $880,000 after acquiring an additional 179,174 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Matterport during the 4th quarter valued at $344,000. Institutional investors own 36.96% of the company’s stock.

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.