The Manufacturers Life Insurance Company Purchases 2,550 Shares of Matterport, Inc. (NASDAQ:MTTR)

The Manufacturers Life Insurance Company lifted its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,824 shares of the company’s stock after purchasing an additional 2,550 shares during the period. The Manufacturers Life Insurance Company’s holdings in Matterport were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MTTR. IMC Chicago LLC bought a new position in shares of Matterport during the first quarter worth approximately $465,000. 180 Wealth Advisors LLC increased its stake in Matterport by 94.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 28,808 shares of the company’s stock worth $65,000 after acquiring an additional 13,994 shares during the period. First Trust Direct Indexing L.P. bought a new position in Matterport during the 1st quarter worth $94,000. Commonwealth Equity Services LLC increased its stake in Matterport by 5.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 296,270 shares of the company’s stock worth $670,000 after acquiring an additional 15,526 shares during the period. Finally, SpiderRock Advisors LLC bought a new position in Matterport during the 1st quarter worth $271,000. Institutional investors own 36.96% of the company’s stock.

Matterport Price Performance

Matterport stock opened at $4.82 on Thursday. The stock’s fifty day moving average price is $4.45 and its two-hundred day moving average price is $4.14. Matterport, Inc. has a one year low of $1.73 and a one year high of $4.99. The firm has a market cap of $1.52 billion, a PE ratio of -8.03 and a beta of 1.07.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, hitting 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 firm had revenue of $42.20 million for the quarter, compared to analyst estimates of $44.38 million. During the same quarter last year, the company earned ($0.19) EPS. The company’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Matterport

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 1,617,608 shares of the company’s stock, valued at approximately $7,117,475.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Matterport news, CEO Raymond J. Pittman sold 135,083 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total value of $595,716.03. Following the sale, the chief executive officer now owns 4,083,196 shares of the company’s stock, valued at approximately $18,006,894.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of the firm’s 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 sale, the chief financial officer now directly owns 1,617,608 shares in the company, valued at approximately $7,117,475.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 494,671 shares of company stock valued at $2,155,982. 17.50% of the stock is currently owned by corporate 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.