Cerity Partners LLC Buys 19,075 Shares of Matterport, Inc. (NASDAQ:MTTR)

Cerity Partners LLC raised its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,269 shares of the company’s stock after buying an additional 19,075 shares during the quarter. Cerity Partners LLC’s holdings in Matterport were worth $537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MTTR. Price T Rowe Associates Inc. MD lifted its holdings in shares of Matterport by 41.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 249,592 shares of the company’s stock valued at $565,000 after purchasing an additional 73,188 shares in the last quarter. Cetera Advisors LLC bought a new position in Matterport in the first quarter valued at approximately $44,000. Calamos Advisors LLC bought a new stake in shares of Matterport during the second quarter worth $1,520,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Matterport by 38.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,584 shares of the company’s stock worth $441,000 after acquiring an additional 27,275 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Matterport by 21.9% during the second quarter. Principal Financial Group Inc. now owns 35,382 shares of the company’s stock worth $158,000 after acquiring an additional 6,362 shares during the period. 36.96% of the stock is owned by institutional investors.

Insider Activity

In other Matterport news, CTO Japjit Tulsi sold 85,015 shares of Matterport stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $402,120.95. Following the transaction, the chief technology officer now directly owns 608,744 shares of the company’s stock, valued at $2,879,359.12. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of the business’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 completion of the transaction, the chief financial officer now owns 1,518,751 shares in the company, valued at $6,788,816.97. The trade was a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 670,163 shares of company stock worth $3,163,371 in the last three months. Company insiders own 17.50% of the company’s stock.

Matterport Stock Performance

NASDAQ:MTTR opened at $4.90 on Friday. The stock has a 50-day simple moving average of $4.71 and a 200 day simple moving average of $4.46. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $4.99. The company has a market cap of $1.58 billion, a PE ratio of -5.90 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last posted its earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The firm had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.91 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts predict that Matterport, Inc. will post -0.44 earnings per share 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.