AQR Capital Management LLC Has $245,000 Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

AQR Capital Management LLC decreased its holdings in Matterport, Inc. (NASDAQ:MTTR) by 72.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 54,862 shares of the company’s stock after selling 141,964 shares during the period. AQR Capital Management LLC’s holdings in Matterport were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Matterport by 2.2% in the first quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company’s stock valued at $55,160,000 after acquiring an additional 520,490 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Matterport in the 2nd quarter valued at approximately $27,598,000. Alpine Associates Management Inc. bought a new stake in shares of Matterport during the 2nd quarter valued at approximately $5,816,000. Squarepoint Ops LLC increased its position in Matterport by 770.0% during the 2nd quarter. Squarepoint Ops LLC now owns 856,510 shares of the company’s stock worth $3,829,000 after purchasing an additional 758,057 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Matterport by 1.6% in the 1st quarter. Swiss National Bank now owns 512,900 shares of the company’s stock valued at $1,159,000 after purchasing an additional 8,300 shares during the last quarter. Institutional investors and hedge funds own 36.96% of the company’s stock.

Insider Transactions at Matterport

In related news, CEO Raymond J. Pittman sold 135,083 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $595,716.03. Following the completion of the transaction, the chief executive officer now owns 4,083,196 shares in the company, valued at $18,006,894.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Matterport news, insider Matthew Zinn sold 17,476 shares of Matterport stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $4.23, for a total transaction of $73,923.48. Following the transaction, the insider now directly owns 434,980 shares of the company’s stock, valued at approximately $1,839,965.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Raymond J. Pittman sold 135,083 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $595,716.03. Following the completion of the sale, the chief executive officer now directly owns 4,083,196 shares of the company’s stock, valued at approximately $18,006,894.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 494,671 shares of company stock worth $2,155,982. Insiders own 17.50% of the company’s stock.

Matterport Price Performance

Shares of Matterport stock opened at $4.79 on Friday. The company’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $4.14. The firm has a market capitalization of $1.51 billion, a P/E ratio of -7.98 and a beta of 1.07. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $4.99.

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 the consensus estimate of ($0.02). Matterport had a negative return on equity of 32.22% and a negative net margin of 164.17%. The company had revenue of $42.20 million for the quarter, compared to the consensus estimate of $44.38 million. During the same quarter last year, the business posted ($0.19) EPS. Matterport’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts expect that Matterport, Inc. will post -0.44 earnings per share 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.