Matterport, Inc. (NASDAQ:MTTR) CTO Japjit Tulsi Sells 85,015 Shares

Matterport, Inc. (NASDAQ:MTTR) CTO Japjit Tulsi sold 85,015 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $402,120.95. Following the completion of the sale, the chief technology officer now owns 608,744 shares of the company’s stock, valued at $2,879,359.12. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Japjit Tulsi also recently made the following trade(s):

• On Thursday, September 5th, Japjit Tulsi sold 17,599 shares of Matterport stock. The stock was sold at an average price of $4.23, for a total transaction of $74,443.77.

Matterport Stock Down 0.6 %

MTTR traded down $0.03 during trading on Tuesday, hitting $4.72. The company had a trading volume of 3,465,340 shares, compared to its average volume of 2,702,356. The firm’s 50-day moving average price is $4.69 and its 200 day moving average price is $4.45. The company has a market capitalization of $1.52 billion, a PE ratio of -5.69 and a beta of 1.06. Matterport, Inc. has a one year low of $1.73 and a one year high of $4.99.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.91 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. Matterport’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. Sell-side analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current year.

Institutional Trading of Matterport

A number of institutional investors have recently made changes to their positions in MTTR. Geode Capital Management LLC increased its stake in Matterport by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock valued at $29,410,000 after buying an additional 471,641 shares during the last quarter. Barclays PLC grew its holdings in shares of Matterport by 325.6% in the 3rd quarter. Barclays PLC now owns 452,844 shares of the company’s stock valued at $2,036,000 after acquiring an additional 346,434 shares in the last quarter. Western Standard LLC acquired a new stake in shares of Matterport in the third quarter valued at about $3,322,000. Sand Grove Capital Management LLP raised its holdings in Matterport by 112.1% during the third quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after acquiring an additional 1,094,879 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Matterport by 12.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,817 shares of the company’s stock valued at $499,000 after purchasing an additional 12,233 shares during the last quarter. Institutional investors own 36.96% of the company’s stock.

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.