Choreo LLC Buys 5,939 Shares of Matterport, Inc. (NASDAQ:MTTR)

Choreo LLC increased its stake in Matterport, Inc. (NASDAQ:MTTR) by 23.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,772 shares of the company’s stock after buying an additional 5,939 shares during the quarter. Choreo LLC’s holdings in Matterport were worth $135,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in Matterport by 9.7% in the second quarter. Arizona State Retirement System now owns 78,336 shares of the company’s stock worth $350,000 after buying an additional 6,934 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Matterport during the second quarter worth $456,000. Trellis Wealth Advisors LLC bought a new stake in shares of Matterport during the second quarter worth $49,000. Principal Financial Group Inc. lifted its position 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 purchasing an additional 6,362 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 purchasing an additional 27,275 shares during the last quarter. 36.96% of the stock is currently owned by institutional investors.

Matterport Trading Up 0.2 %

NASDAQ:MTTR opened at $4.55 on Friday. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -7.58 and a beta of 1.08. The stock has a fifty day simple moving average of $4.36 and a 200-day simple moving average of $3.77.

Matterport (NASDAQ:MTTR) last released its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, hitting 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 business had revenue of $42.20 million during the quarter, compared to the consensus estimate of $44.38 million. During the same period last year, the company earned ($0.19) earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

Insider Transactions at Matterport

In related news, CEO Raymond J. Pittman sold 74,214 shares of Matterport stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $313,925.22. Following the completion of the sale, the chief executive officer now directly owns 3,884,843 shares in the company, valued at $16,432,885.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Raymond J. Pittman sold 74,214 shares of Matterport stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $313,925.22. Following the completion of the sale, the chief executive officer now directly owns 3,884,843 shares in the company, valued at $16,432,885.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Zinn sold 17,476 shares of Matterport stock in a transaction dated Thursday, September 5th. The shares were 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 owns 434,980 shares of the company’s stock, valued at $1,839,965.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 494,671 shares of company stock worth $2,152,482. 17.50% of the stock is currently owned by insiders.

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.