Matterport, Inc. (NASDAQ:MTTR) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its position in Matterport, Inc. (NASDAQ:MTTR) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,065 shares of the company’s stock after acquiring an additional 17,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Matterport were worth $536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Magnetar Financial LLC purchased a new position in Matterport in the 2nd quarter valued at $27,598,000. Water Island Capital LLC acquired a new position in Matterport during the second quarter worth about $11,722,000. Millennium Management LLC grew its holdings in shares of Matterport by 142.3% in the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock worth $13,506,000 after acquiring an additional 1,774,442 shares during the period. Alpine Associates Management Inc. purchased a new position in shares of Matterport in the second quarter valued at $5,816,000. Finally, Squarepoint Ops LLC raised its position in Matterport by 770.0% during the second quarter. Squarepoint Ops LLC now owns 856,510 shares of the company’s stock worth $3,829,000 after acquiring an additional 758,057 shares during the last quarter. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Matterport

In related news, CEO Raymond J. Pittman sold 135,083 shares of the 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Matthew Zinn sold 17,476 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $4.23, for a total transaction of $73,923.48. Following the completion of the transaction, the insider now owns 434,980 shares in the company, valued at $1,839,965.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Raymond J. Pittman sold 135,083 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total transaction of $595,716.03. Following the completion of 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 469,671 shares of company stock worth $2,045,982 in the last three months. Company insiders own 17.50% of the company’s stock.

Matterport Trading Down 1.4 %

Matterport stock opened at $4.76 on Thursday. The stock has a market cap of $1.52 billion, a PE ratio of -5.73 and a beta of 1.07. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99. The stock has a 50-day moving average price of $4.60 and a 200 day moving average price of $4.42.

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.