Principal Financial Group Inc. Trims Position in Matterport, Inc. (NASDAQ:MTTR)

Principal Financial Group Inc. trimmed its position in Matterport, Inc. (NASDAQ:MTTR) by 30.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,526 shares of the company’s stock after selling 10,856 shares during the period. Principal Financial Group Inc.’s holdings in Matterport were worth $110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Matterport by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock worth $29,410,000 after purchasing an additional 471,641 shares during the period. Barclays PLC increased its holdings in Matterport by 325.6% during the third quarter. Barclays PLC now owns 452,844 shares of the company’s stock valued at $2,036,000 after buying an additional 346,434 shares during the last quarter. Western Standard LLC bought a new position in Matterport in the third quarter worth approximately $3,322,000. Sand Grove Capital Management LLP boosted its stake in shares of Matterport by 112.1% during the 3rd quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after acquiring an additional 1,094,879 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Matterport by 12.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,817 shares of the company’s stock worth $499,000 after acquiring an additional 12,233 shares during the last quarter. 36.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Matterport

In other news, CFO James Daniel Fay sold 119,312 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $564,345.76. Following the transaction, the chief financial officer now owns 1,690,458 shares of the company’s stock, valued at approximately $7,995,866.34. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Japjit Tulsi sold 85,015 shares of Matterport stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $402,120.95. Following the sale, the chief technology officer now owns 608,744 shares of the company’s stock, valued at approximately $2,879,359.12. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 645,163 shares of company stock valued at $3,051,621. 17.50% of the stock is currently owned by insiders.

Matterport Price Performance

NASDAQ:MTTR opened at $4.89 on Wednesday. Matterport, Inc. has a one year low of $1.73 and a one year high of $5.00. The business has a fifty day moving average price of $4.78 and a 200-day moving average price of $4.55. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -5.89 and a beta of 1.05.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business had revenue of $43.79 million during the quarter, compared to analyst estimates of $43.91 million. During the same quarter in the prior year, the business posted ($0.04) EPS. Matterport’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Matterport, Inc. will post -0.44 earnings per share for the current fiscal 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.