James Daniel Fay Sells 25,000 Shares of Matterport, Inc. (NASDAQ:MTTR) Stock

Matterport, Inc. (NASDAQ:MTTR) CFO James Daniel Fay sold 25,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $4.47, for a total transaction of $111,750.00. Following the completion of the sale, the chief financial officer now owns 1,518,751 shares of the company’s stock, valued at approximately $6,788,816.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

James Daniel Fay also recently made the following trade(s):

• On Thursday, September 5th, James Daniel Fay sold 24,692 shares of Matterport stock. The shares were sold at an average price of $4.23, for a total value of $104,447.16.
• On Tuesday, September 3rd, James Daniel Fay sold 69,943 shares of Matterport stock. The stock was sold at an average price of $4.42, for a total value of $309,148.06.
• On Thursday, August 1st, James Daniel Fay sold 25,000 shares of Matterport stock. The stock was sold at an average price of $4.40, for a total value of $110,000.00.

Matterport Trading Up 3.3 %

Shares of MTTR stock opened at $4.70 on Friday. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The company’s 50-day moving average price is $4.37 and its 200-day moving average price is $3.95. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -7.83 and a beta of 1.07.

Matterport (NASDAQ:MTTR) last posted 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 company had revenue of $42.20 million for the quarter, compared to analyst estimates of $44.38 million. Matterport had a negative net margin of 164.17% and a negative return on equity of 32.22%. Matterport’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) EPS. As a group, equities research analysts predict that Matterport, Inc. will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in 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 purchasing an additional 520,490 shares during the period. Magnetar Financial LLC purchased a new stake in Matterport in the 2nd quarter valued at about $27,598,000. Millennium Management LLC lifted its position in Matterport by 142.3% in the second quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock valued at $13,506,000 after buying an additional 1,774,442 shares during the last quarter. Water Island Capital LLC purchased a new position in Matterport during the second quarter worth about $11,722,000. Finally, G2 Investment Partners Management LLC raised its stake in shares of Matterport by 136.7% in the 4th quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock valued at $3,757,000 after acquiring an additional 806,528 shares during the period. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

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.