Redwood Wealth Management Group LLC Purchases Shares of 6,450 Matterport, Inc. (NASDAQ:MTTR)

Redwood Wealth Management Group LLC acquired a new position in shares of Matterport, Inc. (NASDAQ:MTTR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,450 shares of the company’s stock, valued at approximately $29,000.

Several other large investors also recently made changes to their positions in MTTR. G2 Investment Partners Management LLC raised 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 purchasing an additional 806,528 shares during the period. Vanguard Group Inc. lifted its stake in shares of Matterport by 2.2% in the first 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. Calamos Advisors LLC acquired a new position in shares of Matterport during the second quarter valued at about $1,520,000. IMC Chicago LLC bought a new stake in shares of Matterport during the first quarter worth about $465,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Matterport by 85.3% in the 1st quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock worth $880,000 after acquiring an additional 179,174 shares during the last quarter. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Matterport Stock Performance

MTTR stock opened at $4.45 on Monday. The company has a market capitalization of $1.40 billion, a P/E ratio of -7.42 and a beta of 1.08. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $4.99. The business has a 50-day simple moving average of $4.33 and a two-hundred day simple moving average of $3.72.

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

Insider Activity at Matterport

In other Matterport news, CTO Japjit Tulsi sold 17,599 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $4.23, for a total value of $74,443.77. Following the completion of the sale, the chief technology officer now directly owns 539,354 shares of the company’s stock, valued at approximately $2,281,467.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO Japjit Tulsi sold 17,599 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.23, for a total transaction of $74,443.77. Following the completion of the sale, the chief technology officer now directly owns 539,354 shares of the company’s stock, valued at approximately $2,281,467.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Raymond J. Pittman sold 135,083 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total transaction of $595,716.03. Following the completion of the transaction, the chief executive officer now directly owns 4,083,196 shares in the company, valued at $18,006,894.36. The disclosure for this sale can be found here. Insiders have sold 494,671 shares of company stock valued at $2,152,482 over the last ninety days. Corporate insiders own 17.50% of the company’s stock.

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.