417,089 Shares in Matterport, Inc. (NASDAQ:MTTR) Bought by LMR Partners LLP

LMR Partners LLP bought a new position in Matterport, Inc. (NASDAQ:MTTR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 417,089 shares of the company's stock, valued at approximately $1,877,000. LMR Partners LLP owned about 0.13% of Matterport at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MTTR. Magnetar Financial LLC bought a new position in Matterport in the 2nd quarter worth approximately $27,598,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Matterport during the second quarter worth approximately $3,142,000. Water Island Capital LLC acquired a new position in Matterport in the second quarter worth approximately $11,722,000. Calamos Advisors LLC bought a new position in shares of Matterport in the second quarter valued at $1,520,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Matterport during the 2nd quarter valued at $1,808,000. Institutional investors and hedge funds own 36.96% of the company's stock.

Matterport Stock Performance

Shares of MTTR traded up $0.03 during trading hours on Tuesday, hitting $4.68. 930,643 shares of the company were exchanged, compared to its average volume of 2,716,340. The firm has a fifty day simple moving average of $4.63 and a 200-day simple moving average of $4.42. Matterport, Inc. has a one year low of $1.73 and a one year high of $4.99.

Matterport (NASDAQ:MTTR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $43.79 million during the quarter, compared to analysts' expectations of $43.91 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. As a group, equities analysts predict that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

Insider Activity at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 135,083 shares of the business's 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 completion of the sale, the chief executive officer now directly owns 4,083,196 shares of the company's stock, valued at $18,006,894.36. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James Daniel Fay sold 25,000 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $4.47, for a total transaction of $111,750.00. Following the transaction, the chief financial officer now owns 1,518,751 shares in the company, valued at $6,788,816.97. This represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 469,671 shares of company stock valued at $2,045,982. Insiders own 17.50% of the company's stock.

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.