Matterport, Inc. (NASDAQ:MTTR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in Matterport, Inc. (NASDAQ:MTTR) by 19.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 46,646 shares of the company’s stock after selling 11,039 shares during the period. SG Americas Securities LLC’s holdings in Matterport were worth $210,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MTTR. B. Riley Wealth Advisors Inc. acquired a new stake in Matterport in the 1st quarter valued at approximately $25,000. Redwood Wealth Management Group LLC acquired a new position in shares of Matterport during the second quarter worth $29,000. Cetera Advisors LLC acquired a new position in shares of Matterport during the first quarter worth $44,000. Virtu Financial LLC grew its stake in shares of Matterport by 31.9% during the first 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 acquired a new position in shares of Matterport during the second quarter worth $49,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

Insider Activity at Matterport

In related news, CFO James Daniel Fay sold 25,000 shares of the business’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 of the company’s stock, valued at $7,117,475.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO James Daniel Fay sold 25,000 shares of the business’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 of the company’s stock, valued at $7,117,475.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew Zinn sold 31,808 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total transaction of $140,273.28. Following the completion of the sale, the insider now directly owns 481,687 shares of the company’s stock, valued at approximately $2,124,239.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 494,671 shares of company stock valued at $2,155,982 over the last ninety days. Insiders own 17.50% of the company’s stock.

Matterport Trading Up 0.4 %

Shares of MTTR stock opened at $4.81 on Wednesday. The firm has a fifty day moving average price of $4.50 and a 200 day moving average price of $4.21. The company has a market cap of $1.51 billion, a P/E ratio of -8.02 and a beta of 1.07. Matterport, Inc. has a 12 month low of $1.73 and a 12 month high of $4.99.

Matterport (NASDAQ:MTTR) last issued its earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, hitting 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 net margin of 164.17% and a negative return on equity of 32.22%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. On average, equities analysts forecast that Matterport, Inc. will post -0.44 EPS for the current 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.