Principal Financial Group Inc. Has $158,000 Holdings in Matterport, Inc. (NASDAQ:MTTR)

Principal Financial Group Inc. grew its position in Matterport, Inc. (NASDAQ:MTTR) by 21.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,382 shares of the company’s stock after purchasing an additional 6,362 shares during the quarter. Principal Financial Group Inc.’s holdings in Matterport were worth $158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Matterport in the second quarter valued at approximately $51,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Matterport in the first quarter valued at approximately $25,000. Private Advisor Group LLC acquired a new position in shares of Matterport in the fourth quarter valued at approximately $31,000. Cetera Advisors LLC acquired a new position in shares of Matterport in the first quarter valued at approximately $44,000. Finally, Virtu Financial LLC grew its position in shares of Matterport by 31.9% in the first quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock valued at $46,000 after purchasing an additional 4,969 shares during the last quarter. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Trading Up 0.2 %

Matterport stock opened at $4.45 on Monday. Matterport, Inc. has a 12 month low of $1.73 and a 12 month high of $4.99. The stock’s 50 day moving average is $4.33 and its 200-day moving average is $3.72. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -7.42 and a beta of 1.08.

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

Insider Activity at Matterport

In related news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $4.40, for a total value of $110,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,617,608 shares in the company, valued at $7,117,475.20. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CTO Japjit Tulsi sold 32,032 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total value of $141,261.12. Following the completion of the sale, the chief technology officer now directly owns 586,390 shares in the company, valued at $2,585,979.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $4.40, for a total value of $110,000.00. Following the completion of the sale, the chief financial officer now owns 1,617,608 shares of the company’s stock, valued at $7,117,475.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 494,671 shares of company stock worth $2,152,482. Company insiders own 17.50% of the company’s stock.

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.