Algert Global LLC Invests $655,000 in Matterport, Inc. (NASDAQ:MTTR)

Algert Global LLC acquired a new stake in shares of Matterport, Inc. (NASDAQ:MTTR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 146,505 shares of the company’s stock, valued at approximately $655,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTTR. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Matterport during the 2nd quarter worth about $1,655,000. Mackenzie Financial Corp raised its position in Matterport by 396.8% during the second quarter. Mackenzie Financial Corp now owns 828,776 shares of the company’s stock valued at $3,705,000 after acquiring an additional 661,955 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in 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. Millennium Management LLC grew its position in Matterport by 142.3% in the second quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock worth $13,506,000 after acquiring an additional 1,774,442 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Matterport by 770.0% during the 2nd quarter. Squarepoint Ops LLC now owns 856,510 shares of the company’s stock worth $3,829,000 after purchasing an additional 758,057 shares during the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Insider Buying and Selling

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total transaction of $111,750.00. Following the transaction, the chief financial officer now owns 1,518,751 shares in the company, valued at $6,788,816.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Raymond J. Pittman sold 135,083 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total transaction of $595,716.03. Following the completion of the transaction, the chief executive officer now owns 4,083,196 shares of the company’s stock, valued at approximately $18,006,894.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Daniel Fay sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $4.47, for a total value of $111,750.00. Following the sale, the chief financial officer now owns 1,518,751 shares of the company’s stock, valued at approximately $6,788,816.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 494,671 shares of company stock worth $2,155,982. 17.50% of the stock is currently owned by insiders.

Matterport Trading Up 3.3 %

Matterport stock opened at $4.70 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of -7.83 and a beta of 1.07. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The firm’s fifty day simple moving average is $4.37 and its 200-day simple moving average is $3.97.

Matterport (NASDAQ:MTTR) last announced 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 company 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 business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. On average, equities research analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current 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.