Matterport (NASDAQ:MTTR) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Matterport, Inc. (NASDAQ:MTTR – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $4.86, but opened at $4.75. Matterport shares last traded at $4.76, with a volume of 366,424 shares changing hands.

Matterport Price Performance

The company has a market capitalization of $1.52 billion, a PE ratio of -5.69 and a beta of 1.06. The stock’s 50 day simple moving average is $4.69 and its 200-day simple moving average is $4.45.

Matterport (NASDAQ:MTTR – Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $43.79 million for the quarter, compared to the consensus estimate of $43.91 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. On average, equities analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO James Daniel Fay sold 24,692 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $4.23, for a total value of $104,447.16. Following the sale, the chief financial officer now directly owns 1,552,126 shares in the company, valued at approximately $6,565,492.98. This trade represents a 1.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Japjit Tulsi sold 85,015 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 $402,120.95. Following the sale, the chief technology officer now directly owns 608,744 shares of the company’s stock, valued at approximately $2,879,359.12. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 812,606 shares of company stock valued at $3,765,501 in the last three months. 17.50% of the stock is owned by corporate insiders.

Institutional Trading of Matterport

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position 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 worth $55,160,000 after acquiring an additional 520,490 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Matterport by 41.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 249,592 shares of the company’s stock worth $565,000 after buying an additional 73,188 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Matterport by 116.9% in the 1st quarter. Janus Henderson Group PLC now owns 208,743 shares of the company’s stock valued at $473,000 after buying an additional 112,495 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Matterport in the 1st quarter valued at $25,000. Finally, Virtu Financial LLC grew its position in shares of Matterport by 31.9% in the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock valued at $46,000 after buying an additional 4,969 shares during the last quarter. 36.96% of the stock is owned by hedge funds and other institutional investors.

Matterport Company Profile

(Get Free Report)

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.

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