Private Advisor Group LLC Sells 9,880 Shares of Matterport, Inc. (NASDAQ:MTTR)

Private Advisor Group LLC cut its holdings in Matterport, Inc. (NASDAQ:MTTR) by 19.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,898 shares of the company’s stock after selling 9,880 shares during the period. Private Advisor Group LLC’s holdings in Matterport were worth $180,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new stake in Matterport during the first quarter worth about $25,000. Redwood Wealth Management Group LLC acquired a new stake in Matterport during the second quarter worth about $29,000. Allspring Global Investments Holdings LLC acquired a new stake in Matterport during the third quarter worth about $30,000. Cetera Advisors LLC acquired a new stake in Matterport during the first quarter worth about $44,000. Finally, Virtu Financial LLC grew its position in Matterport by 31.9% during the first quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock worth $46,000 after buying an additional 4,969 shares in the last quarter. 36.96% of the stock is currently owned by institutional investors.

Matterport Stock Up 0.6 %

MTTR stock opened at $4.82 on Friday. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The company has a market cap of $1.54 billion, a PE ratio of -5.60 and a beta of 1.07. The business’s 50-day simple moving average is $4.57 and its 200 day simple moving average is $4.42.

Matterport (NASDAQ:MTTR) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $42.20 million for 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 company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.19) earnings per share. On average, equities research analysts anticipate that Matterport, Inc. will post -0.44 EPS for the current year.

Insider Transactions at Matterport

In other news, CTO Japjit Tulsi sold 17,599 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $74,443.77. Following the transaction, the chief technology officer now directly owns 539,354 shares of the company’s stock, valued at $2,281,467.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Matterport news, insider Matthew Zinn sold 31,808 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.41, for a total transaction of $140,273.28. Following the transaction, the insider now owns 481,687 shares of the company’s stock, valued at approximately $2,124,239.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Japjit Tulsi sold 17,599 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.23, for a total value of $74,443.77. Following the transaction, the chief technology officer now directly owns 539,354 shares in the company, valued at approximately $2,281,467.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 469,671 shares of company stock valued at $2,045,982 in the last three months. 17.50% of the stock is owned by corporate insiders.

Matterport 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.