Fmr LLC Sells 9,439 Shares of Matterport, Inc. (NASDAQ:MTTR)

Fmr LLC trimmed its stake in Matterport, Inc. (NASDAQ:MTTR) by 56.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,385 shares of the company’s stock after selling 9,439 shares during the period. Fmr LLC’s holdings in Matterport were worth $33,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Redwood Wealth Management Group LLC purchased a new position in Matterport in the second quarter worth $29,000. Allspring Global Investments Holdings LLC bought a new stake in Matterport during the third quarter worth about $30,000. Trellis Wealth Advisors LLC purchased a new position in shares of Matterport in the 2nd quarter worth about $49,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Matterport by 23.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company’s stock valued at $63,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Matterport by 111.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,664 shares of the company’s stock valued at $97,000 after buying an additional 11,403 shares in the last quarter. 36.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $1,696,211.11. Following the sale, the chief executive officer now directly owns 4,176,241 shares of the company’s stock, valued at approximately $19,753,619.93. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total transaction 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. 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 ninety days, insiders sold 670,163 shares of company stock valued at $3,163,371. Company insiders own 17.50% of the company’s stock.

Matterport Price Performance

Shares of NASDAQ MTTR opened at $4.79 on Thursday. The stock has a market capitalization of $1.55 billion, a P/E ratio of -5.77 and a beta of 1.06. Matterport, Inc. has a one year low of $1.73 and a one year high of $5.00. The firm’s 50 day simple moving average is $4.76 and its two-hundred day simple moving average is $4.50.

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