Matterport, Inc. (NASDAQ:MTTR) CTO Japjit Tulsi Sells 32,032 Shares

Matterport, Inc. (NASDAQ:MTTR) CTO Japjit Tulsi sold 32,032 shares of the business’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 $141,261.12. Following the completion of the transaction, the chief technology officer now owns 586,390 shares of the company’s stock, valued at $2,585,979.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Japjit Tulsi also recently made the following trade(s):

• On Thursday, September 5th, Japjit Tulsi sold 17,599 shares of Matterport stock. The shares were sold at an average price of $4.23, for a total transaction of $74,443.77.

Matterport Stock Down 0.5 %

Shares of MTTR stock opened at $4.18 on Friday. Matterport, Inc. has a 12-month low of $1.73 and a 12-month high of $4.99. The firm has a fifty day moving average of $4.32 and a 200-day moving average of $3.62. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -6.97 and a beta of 1.08.

Matterport (NASDAQ:MTTR) last released its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm 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% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. On average, equities analysts expect that Matterport, Inc. will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Matterport

A number of large investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Matterport in the first quarter valued at approximately $25,000. Apollon Wealth Management LLC acquired a new stake in Matterport in the 4th quarter valued at $28,000. Redwood Wealth Management Group LLC bought a new stake in Matterport during the 2nd quarter worth about $29,000. Private Advisor Group LLC bought a new stake in Matterport during the 4th quarter worth about $31,000. Finally, Cetera Advisors LLC acquired a new position in shares of Matterport during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

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.