Renaissance Technologies LLC Buys 53,300 Shares of Matterport, Inc. (NASDAQ:MTTR)

Renaissance Technologies LLC lifted its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 39.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,811 shares of the company’s stock after purchasing an additional 53,300 shares during the period. Renaissance Technologies LLC owned 0.06% of Matterport worth $848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Choreo LLC raised its stake in shares of Matterport by 101.9% during the 1st quarter. Choreo LLC now owns 24,833 shares of the company’s stock worth $56,000 after purchasing an additional 12,535 shares in the last quarter. G2 Investment Partners Management LLC increased its holdings in shares of Matterport by 136.7% during the 4th quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after acquiring an additional 806,528 shares during the last quarter. IMC Chicago LLC acquired a new position in shares of Matterport during the 1st quarter worth approximately $465,000. GSA Capital Partners LLP increased its holdings in shares of Matterport by 85.3% during the 1st quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock worth $880,000 after acquiring an additional 179,174 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new position in shares of Matterport during the 2nd quarter worth approximately $1,520,000. Institutional investors own 36.96% of the company’s stock.

Insider Buying and Selling at Matterport

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total value of $111,750.00. Following the completion of the transaction, the chief financial officer now directly owns 1,518,751 shares in the company, valued at approximately $6,788,816.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Japjit Tulsi sold 17,599 shares of the firm’s stock in a transaction that occurred on 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 owns 539,354 shares of the company’s stock, valued at $2,281,467.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total value of $111,750.00. Following the sale, the chief financial officer now directly owns 1,518,751 shares of the company’s stock, valued at $6,788,816.97. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 494,671 shares of company stock worth $2,155,982. 17.50% of the stock is currently owned by insiders.

Matterport Trading Down 1.3 %

MTTR stock opened at $4.64 on Tuesday. The firm has a market capitalization of $1.46 billion, a PE ratio of -7.73 and a beta of 1.07. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The business’s 50 day simple moving average is $4.37 and its 200 day simple moving average is $3.99.

Matterport (NASDAQ:MTTR) last released 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 firm had revenue of $42.20 million during 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 company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.19) EPS. As a group, sell-side analysts predict that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

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.