Matterport (NASDAQ:MTTR) Releases Earnings Results, Misses Expectations By $0.11 EPS

Matterport (NASDAQ:MTTR) posted its quarterly earnings results on Wednesday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11), Zacks reports. The company had revenue of $43.82 million during the quarter, compared to the consensus estimate of $42.87 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%.

Matterport Stock Performance

MTTR stock traded down $0.04 during midday trading on Thursday, reaching $5.41. 5,857,189 shares of the company’s stock traded hands, compared to its average volume of 5,185,111. The firm has a market capitalization of $1.75 billion, a PE ratio of -6.51 and a beta of 1.06. Matterport has a 52 week low of $1.73 and a 52 week high of $5.46. The company has a 50-day moving average price of $5.09 and a two-hundred day moving average price of $4.78.

Insider Transactions at Matterport

In related news, CTO Japjit Tulsi sold 85,015 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $402,120.95. Following the completion of the transaction, the chief technology officer now directly owns 608,744 shares in the company, valued at approximately $2,879,359.12. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Jay Remley sold 82,229 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,662,800.98. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 645,163 shares of company stock valued at $3,051,621. 17.50% of the stock is currently 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.