Rhumbline Advisers Reduces Stock Position in Matterport, Inc. (NASDAQ:MTTR)

Rhumbline Advisers decreased its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 9.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 353,598 shares of the company’s stock after selling 37,124 shares during the quarter. Rhumbline Advisers owned about 0.11% of Matterport worth $1,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new position in shares of Matterport during the 1st quarter valued at about $25,000. Private Advisor Group LLC purchased a new position in Matterport during the fourth quarter worth about $31,000. Cetera Advisors LLC acquired a new position in Matterport in the 1st quarter valued at about $44,000. Virtu Financial LLC grew its stake in shares of Matterport by 31.9% in the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock valued at $46,000 after buying an additional 4,969 shares during the period. Finally, Trellis Wealth Advisors LLC purchased a new stake in shares of Matterport in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Stock Performance

MTTR stock opened at $4.55 on Friday. Matterport, Inc. has a one year low of $1.73 and a one year high of $4.99. The firm has a market cap of $1.43 billion, a PE ratio of -7.58 and a beta of 1.08. The firm’s 50 day moving average price is $4.36 and its 200-day moving average price is $3.77.

Matterport (NASDAQ:MTTR) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $44.38 million. Matterport had a negative return on equity of 32.22% and a negative net margin of 164.17%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.19) EPS. Equities research analysts predict that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Matterport

In other news, CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 1,617,608 shares in the company, valued at approximately $7,117,475.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 1,617,608 shares of the company’s stock, valued at $7,117,475.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Raymond J. Pittman sold 135,083 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 494,671 shares of company stock worth $2,152,482 over the last three months. Insiders own 17.50% of the company’s stock.

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.