SG Americas Securities LLC raised its position in shares of Matterport, Inc. (NASDAQ:MTTR – Free Report) by 294.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,893 shares of the company’s stock after acquiring an additional 137,247 shares during the quarter. SG Americas Securities LLC’s holdings in Matterport were worth $872,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of Matterport by 7.8% during the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock worth $29,410,000 after purchasing an additional 471,641 shares during the period. Millennium Management LLC increased its stake 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 purchasing an additional 1,774,442 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Matterport by 14.3% during the 3rd 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 last quarter. Sand Grove Capital Management LLP raised its holdings in Matterport by 112.1% during the 3rd quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock valued at $9,323,000 after acquiring an additional 1,094,879 shares during the period. Finally, Alpine Associates Management Inc. grew its holdings in Matterport by 57.2% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock valued at $9,206,000 after buying an additional 744,582 shares in the last quarter. 36.96% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Matterport
In related news, CFO James Daniel Fay sold 119,312 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $564,345.76. Following the sale, the chief financial officer now directly owns 1,690,458 shares of the company’s stock, valued at approximately $7,995,866.34. This represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Raymond J. Pittman sold 358,607 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $1,696,211.11. Following the transaction, the chief executive officer now owns 4,176,241 shares in the company, valued at $19,753,619.93. This represents a 7.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 645,163 shares of company stock valued at $3,051,621. 17.50% of the stock is currently owned by corporate insiders.
Matterport Stock Up 0.2 %
Matterport (NASDAQ:MTTR – Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $43.79 million for the quarter, compared to analysts’ expectations 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 was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) EPS. As a group, research analysts anticipate that Matterport, Inc. will post -0.44 EPS for the current fiscal 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.
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