UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.55 Million Stake in Matterport, Inc. (NASDAQ:MTTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Matterport, Inc. (NASDAQ:MTTR) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,078 shares of the company’s stock after selling 58,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Matterport worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in shares of Matterport by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 103,824 shares of the company’s stock valued at $464,000 after acquiring an additional 2,550 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Matterport by 23.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company’s stock worth $63,000 after purchasing an additional 2,618 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Matterport by 3.2% in the 2nd quarter. Blair William & Co. IL now owns 168,473 shares of the company’s stock valued at $753,000 after buying an additional 5,226 shares during the last quarter. Choreo LLC lifted its stake in Matterport by 23.9% in the second quarter. Choreo LLC now owns 30,772 shares of the company’s stock valued at $135,000 after acquiring an additional 5,939 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Matterport by 21.9% in the 2nd quarter. Principal Financial Group Inc. now owns 35,382 shares of the company’s stock valued at $158,000 after acquiring an additional 6,362 shares during the period. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Matterport

In other Matterport news, CTO Japjit Tulsi sold 85,015 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $402,120.95. Following the transaction, the chief technology officer now owns 608,744 shares in the company, valued at $2,879,359.12. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Raymond J. Pittman sold 358,607 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $1,696,211.11. Following the transaction, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. This represents a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 670,163 shares of company stock valued at $3,163,371 in the last three months. 17.50% of the stock is currently owned by company insiders.

Matterport Stock Performance

Shares of NASDAQ:MTTR opened at $4.95 on Friday. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $5.00. The company has a market capitalization of $1.60 billion, a P/E ratio of -5.96 and a beta of 1.06. The company has a 50-day simple moving average of $4.75 and a 200 day simple moving average of $4.47.

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

Matterport Company 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.