Sigma Planning Corp Trims Holdings in Matterport, Inc. (NASDAQ:MTTR)

Sigma Planning Corp lowered its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 20.3% in the third quarter, Holdings Channel reports. The institutional investor owned 28,825 shares of the company’s stock after selling 7,350 shares during the quarter. Sigma Planning Corp’s holdings in Matterport were worth $130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in Matterport by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 103,824 shares of the company’s stock valued at $464,000 after buying an additional 2,550 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Matterport by 23.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company’s stock valued at $63,000 after acquiring an additional 2,618 shares during the last quarter. 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. Blair William & Co. IL lifted its stake in Matterport by 3.2% during the second quarter. Blair William & Co. IL now owns 168,473 shares of the company’s stock worth $753,000 after purchasing an additional 5,226 shares during the last quarter. Finally, Choreo LLC lifted its stake in Matterport by 23.9% during the second quarter. Choreo LLC now owns 30,772 shares of the company’s stock worth $135,000 after purchasing an additional 5,939 shares during the last quarter. Institutional investors own 36.96% of the company’s stock.

Insider Transactions at Matterport

In other Matterport news, CFO James Daniel Fay sold 69,943 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.42, for a total value of $309,148.06. Following the sale, the chief financial officer now owns 1,618,120 shares in the company, valued at approximately $7,152,090.40. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Raymond J. Pittman sold 135,083 shares of Matterport stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $595,716.03. Following the sale, the chief executive officer now directly owns 4,083,196 shares in the company, valued at approximately $18,006,894.36. This trade represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 469,671 shares of company stock worth $2,045,982. 17.50% of the stock is currently owned by company insiders.

Matterport Price Performance

MTTR stock opened at $4.68 on Monday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -5.64 and a beta of 1.07. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The firm has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $4.42.

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

About Matterport

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.