Arizona State Retirement System Purchases 6,934 Shares of Matterport, Inc. (NASDAQ:MTTR)

Arizona State Retirement System grew its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,336 shares of the company’s stock after acquiring an additional 6,934 shares during the period. Arizona State Retirement System’s holdings in Matterport were worth $350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTTR. Choreo LLC raised its stake in Matterport by 101.9% in the first quarter. Choreo LLC now owns 24,833 shares of the company’s stock worth $56,000 after buying an additional 12,535 shares in the last quarter. G2 Investment Partners Management LLC raised its stake in Matterport by 136.7% in the fourth quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock worth $3,757,000 after buying an additional 806,528 shares in the last quarter. IMC Chicago LLC bought a new position in Matterport in the first quarter worth about $465,000. GSA Capital Partners LLP raised its stake in Matterport by 85.3% in the first quarter. GSA Capital Partners LLP now owns 389,185 shares of the company’s stock worth $880,000 after buying an additional 179,174 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Matterport in the fourth quarter worth about $344,000. 36.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Matterport

In other Matterport news, CTO Japjit Tulsi sold 17,599 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $4.23, for a total transaction of $74,443.77. Following the completion of the transaction, the chief technology officer now owns 539,354 shares of the company’s stock, valued at $2,281,467.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Raymond J. Pittman sold 135,083 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total transaction of $595,716.03. Following the sale, the chief executive officer now owns 4,083,196 shares in the company, valued at $18,006,894.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Japjit Tulsi sold 17,599 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $4.23, for a total transaction of $74,443.77. Following the sale, the chief technology officer now owns 539,354 shares in the company, valued at approximately $2,281,467.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 494,671 shares of company stock valued at $2,152,482. Corporate insiders own 17.50% of the company’s stock.

Matterport Price Performance

MTTR stock opened at $4.60 on Wednesday. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $4.99. The company has a market cap of $1.45 billion, a P/E ratio of -7.67 and a beta of 1.08. The firm has a 50-day moving average of $4.34 and a 200 day moving average of $3.76.

Matterport (NASDAQ:MTTR) last released its quarterly 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). Matterport had a negative net margin of 164.17% and a negative return on equity of 32.22%. The company had revenue of $42.20 million during the quarter, compared to the consensus estimate of $44.38 million. During the same period in the prior year, the firm earned ($0.19) earnings per share. Matterport’s revenue was up 6.6% on a year-over-year basis. On average, equities research 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.