417,089 Shares in Matterport, Inc. (NASDAQ:MTTR) Purchased by LMR Partners LLP

LMR Partners LLP bought a new position in shares of Matterport, Inc. (NASDAQ:MTTR) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 417,089 shares of the company’s stock, valued at approximately $1,877,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTTR. Swiss National Bank lifted its position in Matterport by 1.6% during the first quarter. Swiss National Bank now owns 512,900 shares of the company’s stock valued at $1,159,000 after purchasing an additional 8,300 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Matterport by 2.2% during 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. Quadrature Capital Ltd bought a new position in Matterport in the 1st quarter worth about $208,000. Price T Rowe Associates Inc. MD boosted its stake in Matterport by 41.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 249,592 shares of the company’s stock worth $565,000 after purchasing an additional 73,188 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Matterport by 116.9% in the 1st quarter. Janus Henderson Group PLC now owns 208,743 shares of the company’s stock worth $473,000 after purchasing an additional 112,495 shares in the last quarter. Institutional investors own 36.96% of the company’s stock.

Matterport Stock Performance

Shares of NASDAQ:MTTR opened at $4.65 on Tuesday. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $4.99. The business has a 50-day simple moving average of $4.63 and a two-hundred day simple moving average of $4.42. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -5.60 and a beta of 1.07.

Matterport (NASDAQ:MTTR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $43.79 million during the quarter, compared to analyst estimates of $43.91 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) EPS. As a group, research analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total value of $111,750.00. Following the completion of the sale, the chief financial officer now directly owns 1,518,751 shares in the company, valued at $6,788,816.97. This trade represents a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Raymond J. Pittman sold 135,083 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total value of $595,716.03. Following the completion of the sale, the chief executive officer now owns 4,083,196 shares in the company, valued at approximately $18,006,894.36. The trade was a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 469,671 shares of company stock worth $2,045,982 in the last three months. 17.50% of the stock is owned by company insiders.

Matterport 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.