Matterport, Inc. (NASDAQ:MTTR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 19.1% during the third quarter, HoldingsChannel reports. The fund owned 46,646 shares of the company’s stock after selling 11,039 shares during the quarter. SG Americas Securities LLC’s holdings in Matterport were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Redwood Wealth Management Group LLC acquired a new position in shares of Matterport during the second quarter worth about $29,000. Trellis Wealth Advisors LLC acquired a new position in shares of Matterport during the second quarter worth about $49,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Matterport during the second quarter worth about $51,000. B. Riley Wealth Advisors Inc. acquired a new position in Matterport during the first quarter worth about $25,000. Finally, Cetera Advisors LLC acquired a new position in Matterport during the first quarter worth about $44,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Matterport Trading Up 0.4 %

Shares of MTTR opened at $4.81 on Wednesday. The firm’s 50-day moving average is $4.50 and its two-hundred day moving average is $4.21. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The firm has a market capitalization of $1.51 billion, a P/E ratio of -8.02 and a beta of 1.07.

Matterport (NASDAQ:MTTR) last issued its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $44.38 million. During the same period in the prior year, the business posted ($0.19) earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts predict that Matterport, Inc. will post -0.44 EPS for the current year.

Insiders Place Their Bets

In other Matterport news, CTO Japjit Tulsi sold 17,599 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $4.23, for a total transaction of $74,443.77. Following the transaction, the chief technology officer now directly owns 539,354 shares in the company, valued at approximately $2,281,467.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Raymond J. Pittman sold 135,083 shares of the company’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 transaction of $595,716.03. Following the transaction, the chief executive officer now owns 4,083,196 shares of the company’s stock, valued at approximately $18,006,894.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Japjit Tulsi sold 17,599 shares of the company’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 transaction, the chief technology officer now directly owns 539,354 shares in the company, valued at $2,281,467.42. 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. 17.50% of the stock is owned by company insiders.

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.