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

Matterport, Inc. (NASDAQ:MTTR) insider Matthew Zinn sold 17,476 shares of the firm’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 transaction of $73,923.48. Following the completion of the transaction, the insider now directly owns 434,980 shares of the company’s stock, valued at approximately $1,839,965.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 Price Performance

Shares of NASDAQ:MTTR traded down $0.02 during trading on Friday, reaching $4.18. The company had a trading volume of 1,511,416 shares, compared to its average volume of 2,988,137. The stock’s fifty day moving average price is $4.33 and its 200 day moving average price is $3.61. 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.

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

Institutional Trading of Matterport

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in shares of Matterport by 23.4% during the fourth quarter. Victory Capital Management Inc. now owns 33,901 shares of the company’s stock valued at $91,000 after purchasing an additional 6,425 shares during the period. Private Advisor Group LLC purchased a new stake in Matterport during the 4th quarter worth $31,000. Apollon Wealth Management LLC acquired a new position in Matterport in the 4th quarter worth $28,000. Wealthspire Advisors LLC boosted its position in Matterport by 52.9% in the 4th quarter. Wealthspire Advisors LLC now owns 180,030 shares of the company’s stock valued at $484,000 after buying an additional 62,311 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Matterport during the fourth quarter valued at about $271,000. 36.96% of the stock is 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.