Matterport Sees Unusually Large Options Volume (NASDAQ:MTTR)

Matterport, Inc. (NASDAQ:MTTR) was the target of some unusual options trading activity on Monday. Investors acquired 10,281 put options on the company. This is an increase of approximately 1,024% compared to the average daily volume of 915 put options.

Insider Buying and Selling at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 135,083 shares of Matterport stock in a transaction on Tuesday, September 3rd. The stock was 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 owns 4,083,196 shares of the company’s stock, valued at approximately $18,006,894.36. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Japjit Tulsi sold 17,599 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 value of $74,443.77. Following the completion of the sale, the chief technology officer now owns 539,354 shares of the company’s stock, valued at $2,281,467.42. The trade was a 3.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 469,671 shares of company stock valued at $2,045,982. Corporate insiders own 17.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MTTR. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Matterport during the 1st quarter worth approximately $25,000. Redwood Wealth Management Group LLC bought a new stake in Matterport in the second quarter worth $29,000. Allspring Global Investments Holdings LLC bought a new stake in Matterport in the third quarter worth $30,000. Cetera Advisors LLC bought a new position in Matterport during the first quarter valued at $44,000. Finally, Virtu Financial LLC lifted its position in Matterport by 31.9% during the first quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock valued at $46,000 after purchasing an additional 4,969 shares during the last quarter. 36.96% of the stock is owned by hedge funds and other institutional investors.

Matterport Stock Down 0.6 %

NASDAQ MTTR opened at $4.65 on Tuesday. The company has a 50-day moving average price of $4.63 and a 200-day moving average price of $4.42. Matterport has a 52 week low of $1.73 and a 52 week high of $4.99. The firm has a market capitalization of $1.50 billion, a P/E ratio of -5.60 and a beta of 1.07.

Matterport (NASDAQ:MTTR) last released its earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $43.91 million. During the same period in the previous year, the business earned ($0.04) earnings per share. Matterport’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Matterport will post -0.44 EPS for the current year.

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.