Squarepoint Ops LLC Raises Holdings in Matterport, Inc. (NASDAQ:MTTR)

Squarepoint Ops LLC lifted its holdings in Matterport, Inc. (NASDAQ:MTTR) by 770.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 856,510 shares of the company’s stock after purchasing an additional 758,057 shares during the quarter. Squarepoint Ops LLC owned 0.27% of Matterport worth $3,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. bought a new stake in Matterport in the 1st quarter worth about $25,000. Redwood Wealth Management Group LLC bought a new stake in shares of Matterport in the second quarter worth approximately $29,000. Cetera Advisors LLC bought a new stake in shares of Matterport in the first quarter worth approximately $44,000. Virtu Financial LLC raised its holdings in shares of Matterport by 31.9% during 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. Finally, Trellis Wealth Advisors LLC bought a new position in Matterport during the second quarter valued at approximately $49,000. 36.96% of the stock is owned by institutional investors.

Matterport Trading Down 0.9 %

NASDAQ:MTTR opened at $4.46 on Wednesday. The company has a market cap of $1.40 billion, a PE ratio of -7.43 and a beta of 1.08. The company has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $3.94. Matterport, Inc. has a 12 month low of $1.73 and a 12 month high of $4.99.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company 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 revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) earnings per share. Research analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current year.

Insider Buying and Selling at Matterport

In related news, 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 transaction, the chief executive officer now owns 4,083,196 shares of the company’s stock, valued at $18,006,894.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Matterport news, CEO Raymond J. Pittman sold 74,214 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $313,925.22. Following the completion of the sale, the chief executive officer now owns 3,884,843 shares in the company, valued at $16,432,885.89. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Raymond J. Pittman sold 135,083 shares of Matterport stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $595,716.03. Following 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 sold a total of 469,671 shares of company stock worth $2,044,232 in the last three months. 17.50% of the stock is currently owned by company insiders.

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.