Magnetar Financial LLC Takes $27.60 Million Position in Matterport, Inc. (NASDAQ:MTTR)

Magnetar Financial LLC bought a new position in Matterport, Inc. (NASDAQ:MTTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,173,967 shares of the company’s stock, valued at approximately $27,598,000. Magnetar Financial LLC owned about 1.96% of Matterport as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. purchased a new position in Matterport in the 1st quarter worth about $25,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Matterport during the second quarter valued at approximately $29,000. Private Advisor Group LLC acquired a new stake in shares of Matterport during the fourth quarter valued at approximately $31,000. Cetera Advisors LLC purchased a new stake in shares of Matterport in the 1st quarter valued at approximately $44,000. Finally, Virtu Financial LLC boosted its stake in Matterport by 31.9% in the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock worth $46,000 after purchasing an additional 4,969 shares during the period. 36.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Matterport

In other news, CTO Japjit Tulsi sold 17,599 shares of Matterport stock in a transaction dated 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 in the company, valued at approximately $2,281,467.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CTO Japjit Tulsi sold 17,599 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $4.23, for a total transaction of $74,443.77. Following the transaction, the chief technology officer now owns 539,354 shares in the company, valued at approximately $2,281,467.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO James Daniel Fay sold 69,943 shares of Matterport stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $4.42, for a total transaction of $309,148.06. Following the completion of the sale, the chief financial officer now directly owns 1,618,120 shares of the company’s stock, valued at approximately $7,152,090.40. The disclosure for this sale can be found here. Insiders have sold 494,671 shares of company stock worth $2,152,482 over the last 90 days. 17.50% of the stock is currently owned by corporate insiders.

Matterport Stock Up 0.2 %

Shares of Matterport stock opened at $4.55 on Monday. The stock has a market cap of $1.43 billion, a PE ratio of -7.58 and a beta of 1.08. Matterport, Inc. has a 12 month low of $1.73 and a 12 month high of $4.99. The business has a fifty day simple moving average of $4.36 and a 200-day simple moving average of $3.81.

Matterport (NASDAQ:MTTR) last issued its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $42.20 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. Analysts expect that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

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.