Charles Schwab Investment Management Inc. Has $10.41 Million Stake in Matterport, Inc. (NASDAQ:MTTR)

Charles Schwab Investment Management Inc. raised its stake in Matterport, Inc. (NASDAQ:MTTR - Free Report) by 14.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,312,945 shares of the company's stock after buying an additional 288,544 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of Matterport worth $10,408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new position in Matterport during the 2nd quarter valued at about $29,000. Allspring Global Investments Holdings LLC acquired a new stake in Matterport in the 3rd quarter valued at approximately $30,000. Trellis Wealth Advisors LLC bought a new stake in Matterport during the 2nd quarter valued at $49,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Matterport by 23.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company's stock valued at $63,000 after purchasing an additional 2,618 shares during the period. Finally, Cetera Advisors LLC bought a new stake in shares of Matterport during the first quarter valued at about $44,000. Institutional investors and hedge funds own 36.96% of the company's stock.

Insider Transactions at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of Matterport stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $1,696,211.11. Following the transaction, the chief executive officer now owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James Daniel Fay sold 119,312 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $564,345.76. Following the sale, the chief financial officer now directly owns 1,690,458 shares of the company's stock, valued at approximately $7,995,866.34. This represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 670,163 shares of company stock valued at $3,163,371. Corporate insiders own 17.50% of the company's stock.

Matterport Price Performance

MTTR remained flat at $4.88 on Tuesday. 1,281,185 shares of the company were exchanged, compared to its average volume of 2,688,224. The stock has a market cap of $1.58 billion, a P/E ratio of -5.89 and a beta of 1.07. The firm has a 50 day moving average of $4.72 and a two-hundred day moving average of $4.46. Matterport, Inc. has a 12-month low of $1.73 and a 12-month high of $4.99.

Matterport (NASDAQ:MTTR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts' expectations of $43.91 million. During the same period last year, the firm posted ($0.04) earnings per share. The business's revenue was up 7.8% on a year-over-year basis. Sell-side analysts forecast 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.