Investors Buy Large Volume of Matterport Put Options (NASDAQ:MTTR)

Matterport, Inc. (NASDAQ:MTTR) saw some unusual options trading activity on Monday. Traders acquired 10,281 put options on the stock. This represents an increase of approximately 1,024% compared to the typical volume of 915 put options.

Insider Activity at Matterport

In related news, CEO Raymond J. Pittman sold 135,083 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $595,716.03. Following the completion of the transaction, the chief executive officer now directly owns 4,083,196 shares of the company’s stock, valued at approximately $18,006,894.36. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total value of $111,750.00. Following the completion of the transaction, the chief financial officer now directly owns 1,518,751 shares of the company’s stock, valued at $6,788,816.97. The trade was a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 469,671 shares of company stock worth $2,045,982. 17.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTTR. Vanguard Group Inc. lifted its position in shares of Matterport by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock worth $55,160,000 after purchasing an additional 520,490 shares during the period. Geode Capital Management LLC lifted its holdings in Matterport by 7.8% in the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock worth $29,410,000 after buying an additional 471,641 shares during the period. Magnetar Financial LLC bought a new stake in Matterport during the 2nd quarter valued at approximately $27,598,000. Millennium Management LLC grew its holdings in shares of Matterport by 142.3% during the 2nd 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 during the period. Finally, Water Island Capital LLC purchased a new position in shares of Matterport during the 2nd quarter worth approximately $11,722,000. Institutional investors own 36.96% of the company’s stock.

Matterport Trading Down 0.6 %

Shares of NASDAQ MTTR opened at $4.65 on Tuesday. The business has a 50-day moving average of $4.63 and a 200-day moving average of $4.42. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -5.60 and a beta of 1.07. Matterport has a 12 month low of $1.73 and a 12 month high of $4.99.

Matterport (NASDAQ:MTTR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $43.91 million. During the same quarter last year, the business posted ($0.04) earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Matterport 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.