Mackenzie Financial Corp Grows Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Mackenzie Financial Corp lifted its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 396.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 828,776 shares of the company’s stock after acquiring an additional 661,955 shares during the quarter. Mackenzie Financial Corp’s holdings in Matterport were worth $3,705,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MTTR. B. Riley Wealth Advisors Inc. acquired a new position in shares of Matterport during the first quarter worth $25,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Matterport during the second quarter worth about $29,000. Cetera Advisors LLC purchased a new stake in Matterport in the first quarter valued at approximately $44,000. Virtu Financial LLC increased its holdings in Matterport by 31.9% in the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock worth $46,000 after buying an additional 4,969 shares during the period. Finally, Trellis Wealth Advisors LLC purchased a new stake in shares of Matterport in the 2nd quarter valued at $49,000. 36.96% of the stock is owned by hedge funds and other institutional investors.

Matterport Trading Down 0.9 %

Shares of NASDAQ:MTTR opened at $4.46 on Wednesday. The company has a market capitalization of $1.40 billion, a PE ratio of -7.43 and a beta of 1.08. Matterport, Inc. has a 12-month low of $1.73 and a 12-month high of $4.99. The business has a 50 day moving average of $4.37 and a two-hundred day moving average of $3.94.

Matterport (NASDAQ:MTTR) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, meeting 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 analysts’ expectations of $44.38 million. During the same quarter in the previous year, the company earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $4.40, for a total value of $110,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,617,608 shares in the company, valued at $7,117,475.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $4.40, for a total value of $110,000.00. Following the sale, the chief financial officer now directly owns 1,617,608 shares in the company, valued at approximately $7,117,475.20. The transaction was disclosed in a legal 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 value of $74,443.77. Following the transaction, the chief technology officer now directly owns 539,354 shares of the company’s stock, valued at approximately $2,281,467.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 469,671 shares of company stock worth $2,044,232. 17.50% of the stock is owned by corporate insiders.

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.