State Street Corp Decreases Position in Matterport, Inc. (NASDAQ:MTTR)

State Street Corp lowered its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,558,373 shares of the company’s stock after selling 121,999 shares during the quarter. State Street Corp’s holdings in Matterport were worth $29,513,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MTTR. Magnetar Financial LLC bought a new stake in shares of Matterport during the second quarter valued at approximately $27,598,000. Alpine Associates Management Inc. lifted its position in shares of Matterport by 57.2% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock worth $9,206,000 after purchasing an additional 744,582 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Matterport by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,945 shares of the company’s stock valued at $10,408,000 after buying an additional 288,544 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Matterport in the 2nd quarter worth $3,142,000. Finally, Water Island Capital LLC purchased a new position in Matterport in the second quarter valued at about $11,722,000. 36.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Matterport news, CRO Jay Remley sold 82,229 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $388,943.17. Following the sale, the executive now owns 1,408,626 shares in the company, valued at approximately $6,662,800.98. This represents a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James Daniel Fay sold 25,000 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 1,518,751 shares in the company, valued at $6,788,816.97. This trade represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 670,163 shares of company stock valued at $3,163,371. 17.50% of the stock is owned by company insiders.

Matterport Stock Down 2.5 %

NASDAQ:MTTR opened at $4.74 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -5.71 and a beta of 1.06. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $5.00. The firm has a 50 day moving average of $4.77 and a 200 day moving average of $4.49.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.91 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. As a group, analysts expect that Matterport, Inc. will post -0.44 EPS for the current year.

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.