Mackenzie Financial Corp Boosts Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Mackenzie Financial Corp boosted its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 396.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 828,776 shares of the company’s stock after acquiring an additional 661,955 shares during the quarter. Mackenzie Financial Corp owned 0.26% of Matterport worth $3,705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MTTR. B. Riley Wealth Advisors Inc. purchased a new stake in Matterport in the first quarter worth about $25,000. Redwood Wealth Management Group LLC purchased a new stake in shares of Matterport in the second quarter worth $29,000. Cetera Advisors LLC bought a new stake in Matterport during the first quarter valued at about $44,000. Virtu Financial LLC lifted its holdings 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 in the last quarter. Finally, Trellis Wealth Advisors LLC bought a new position in Matterport in the 2nd quarter worth approximately $49,000. 36.96% of the stock is owned by hedge funds and other institutional investors.

Matterport Stock Performance

Shares of NASDAQ MTTR opened at $4.46 on Wednesday. The firm’s fifty day moving average is $4.37 and its two-hundred day moving average is $3.94. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $4.99. The company has a market cap of $1.40 billion, a P/E ratio of -7.43 and a beta of 1.08.

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

Insider Buying and Selling

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction 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 transaction, the chief financial officer now directly owns 1,617,608 shares of the company’s stock, valued at approximately $7,117,475.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Matterport 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 transaction of $110,000.00. Following the sale, the chief financial officer now directly owns 1,617,608 shares of the company’s stock, valued at $7,117,475.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Raymond J. Pittman sold 135,083 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $595,716.03. Following the completion of the sale, the chief executive officer now directly owns 4,083,196 shares of the company’s stock, valued at $18,006,894.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 469,671 shares of company stock worth $2,044,232. 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.