Creative Planning Boosts Position in Matterport, Inc. (NASDAQ:MTTR)

Creative Planning grew its holdings in shares of Matterport, Inc. (NASDAQ:MTTR) by 29.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,622 shares of the company’s stock after buying an additional 15,534 shares during the period. Creative Planning’s holdings in Matterport were worth $304,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MTTR. GSA Capital Partners LLP increased its stake in shares of Matterport by 85.3% during the first quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock valued at $880,000 after buying an additional 179,174 shares during the period. Wealthspire Advisors LLC increased its stake in shares of Matterport by 22.2% during the first quarter. Wealthspire Advisors LLC now owns 220,030 shares of the company’s stock valued at $497,000 after buying an additional 40,000 shares during the period. Swiss National Bank increased its stake in shares of Matterport by 1.6% during the first quarter. Swiss National Bank now owns 512,900 shares of the company’s stock valued at $1,159,000 after buying an additional 8,300 shares during the period. Vanguard Group Inc. increased its stake in shares of Matterport by 2.2% during the first quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock valued at $55,160,000 after buying an additional 520,490 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Matterport during the first quarter valued at approximately $208,000. 36.96% of the stock is owned by hedge funds and other institutional investors.

Matterport Stock Up 0.6 %

NASDAQ MTTR opened at $4.82 on Friday. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The firm has a market capitalization of $1.54 billion, a PE ratio of -5.57 and a beta of 1.07. The stock’s 50 day moving average is $4.57 and its 200 day moving average is $4.42.

Matterport (NASDAQ:MTTR) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $44.38 million. During the same period in the previous year, the company posted ($0.19) earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, research analysts anticipate that Matterport, Inc. will post -0.44 earnings per share for the current year.

Insider Activity at Matterport

In related news, CEO Raymond J. Pittman sold 135,083 shares of Matterport stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total transaction of $595,716.03. Following the sale, the chief executive officer now directly owns 4,083,196 shares in the company, valued at $18,006,894.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Matterport news, CEO Raymond J. Pittman sold 135,083 shares of the business’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 directly owns 4,083,196 shares of the company’s stock, valued at approximately $18,006,894.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matthew Zinn sold 17,476 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $73,923.48. Following the completion of the sale, the insider now directly owns 434,980 shares in the company, valued at $1,839,965.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 469,671 shares of company stock worth $2,045,982 over the last ninety days. 17.50% of the stock is owned by corporate insiders.

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.