Matterport, Inc. (NASDAQ:MTTR - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $5.00 and last traded at $5.00, with a volume of 242816 shares trading hands. The stock had previously closed at $4.95.
The business's 50-day simple moving average is $4.75 and its two-hundred day simple moving average is $4.47.
Matterport (NASDAQ:MTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $43.79 million for the quarter, compared to analysts' expectations of $43.91 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the business posted ($0.04) earnings per share. As a group, equities research analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current year.
In related news, CEO Raymond J. Pittman sold 358,607 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $1,696,211.11. Following the completion of the transaction, the chief executive officer now owns 4,176,241 shares of the company's stock, valued at $19,753,619.93. This trade represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $4.47, for a total transaction of $111,750.00. Following the completion of the sale, the chief financial officer now owns 1,518,751 shares in the company, valued at approximately $6,788,816.97. This trade represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 670,163 shares of company stock worth $3,163,371 over the last ninety days. 17.50% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Magnetar Financial LLC bought a new stake in Matterport in the second quarter worth approximately $27,598,000. Water Island Capital LLC bought a new stake in Matterport in the second quarter worth $11,722,000. Millennium Management LLC increased its position in Matterport by 142.3% during the second quarter. Millennium Management LLC now owns 3,021,453 shares of the company's stock worth $13,506,000 after buying an additional 1,774,442 shares during the last quarter. Alpine Associates Management Inc. bought a new position in Matterport during the second quarter valued at about $5,816,000. Finally, Sand Grove Capital Management LLP lifted its position in shares of Matterport by 112.1% in the third quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company's stock worth $9,323,000 after buying an additional 1,094,879 shares during the last quarter. 36.96% of the stock is owned by institutional investors.
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.
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