Matterport, Inc. (NASDAQ:MTTR) CRO Jay Remley Sells 82,229 Shares

Matterport, Inc. (NASDAQ:MTTR) CRO Jay Remley sold 82,229 shares of Matterport stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $388,943.17. Following the sale, the executive now owns 1,408,626 shares in the company, valued at $6,662,800.98. This represents a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jay Remley also recently made the following trade(s):

• On Friday, September 6th, Jay Remley sold 5,772 shares of Matterport stock. The shares were sold at an average price of $4.16, for a total transaction of $24,011.52.
• On Wednesday, September 4th, Jay Remley sold 28,465 shares of Matterport stock. The stock was sold at an average price of $4.36, for a total transaction of $124,107.40.

Matterport Price Performance

Shares of Matterport stock opened at $4.75 on Thursday. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The company has a market capitalization of $1.53 billion, a PE ratio of -5.72 and a beta of 1.06. The business has a 50-day moving average of $4.70 and a 200-day moving average of $4.45.

Matterport (NASDAQ:MTTR) last announced its earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The company had revenue of $43.79 million for the quarter, compared to analyst estimates of $43.91 million. During the same period in the prior year, the company posted ($0.04) EPS. Matterport’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Matterport

Several hedge funds and other institutional investors have recently modified their holdings of MTTR. B. Riley Wealth Advisors Inc. acquired a new position in Matterport in the first quarter worth about $25,000. Redwood Wealth Management Group LLC acquired a new position in shares of Matterport in the 2nd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Matterport in the 3rd quarter valued at approximately $30,000. Cetera Advisors LLC bought a new stake in shares of Matterport in the 1st quarter valued at approximately $44,000. Finally, Virtu Financial LLC raised its position in shares of Matterport by 31.9% during the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock valued at $46,000 after acquiring an additional 4,969 shares in 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.