Susquehanna Fundamental Investments LLC Purchases New Shares in Matterport, Inc. (NASDAQ:MTTR)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Matterport, Inc. (NASDAQ:MTTR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 370,153 shares of the company’s stock, valued at approximately $1,655,000. Susquehanna Fundamental Investments LLC owned approximately 0.12% of Matterport at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTTR. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Matterport in the 1st quarter valued at $25,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Matterport in the 2nd quarter valued at $29,000. Cetera Advisors LLC acquired a new stake in shares of Matterport in the 1st quarter valued at $44,000. Virtu Financial LLC increased its stake in shares of Matterport by 31.9% in the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock valued at $46,000 after buying an additional 4,969 shares during the period. Finally, Trellis Wealth Advisors LLC acquired a new stake in shares of Matterport in the 2nd quarter valued at $49,000. 36.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Matterport

In related news, 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 value of $595,716.03. Following the completion of the sale, the chief executive officer now owns 4,083,196 shares in the company, valued at $18,006,894.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value of $595,716.03. Following the completion of the sale, the chief executive officer now owns 4,083,196 shares in the company, valued at $18,006,894.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Daniel Fay sold 69,943 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.42, for a total value of $309,148.06. Following the completion of the sale, the chief financial officer now owns 1,618,120 shares of the company’s stock, valued at approximately $7,152,090.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 469,671 shares of company stock worth $2,044,232. 17.50% of the stock is owned by insiders.

Matterport Stock Performance

NASDAQ MTTR opened at $4.46 on Wednesday. The stock has a fifty day moving average of $4.37 and a 200-day moving average of $3.94. The stock has a market capitalization of $1.40 billion, a P/E ratio of -7.43 and a beta of 1.08. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99.

Matterport (NASDAQ:MTTR) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $42.20 million during the quarter, compared to the consensus estimate of $44.38 million. Matterport had a negative return on equity of 32.22% and a negative net margin of 164.17%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.19) earnings per share. Equities research analysts forecast that Matterport, Inc. will post -0.44 earnings per share 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.