Matterport (NASDAQ:MTTR - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11), Zacks reports. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business had revenue of $43.82 million for the quarter, compared to analyst estimates of $42.87 million.
Matterport Price Performance
Shares of NASDAQ:MTTR remained flat at $5.38 during mid-day trading on Friday. The company's 50 day moving average is $5.11 and its 200-day moving average is $4.79. The stock has a market cap of $1.74 billion, a PE ratio of -6.48 and a beta of 1.06. Matterport has a 12-month low of $1.73 and a 12-month high of $5.46.
Insider Transactions at Matterport
In related news, CEO Raymond J. Pittman sold 358,607 shares of Matterport 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 in the company, valued at approximately $19,753,619.93. This trade represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Japjit Tulsi sold 85,015 shares of the company's 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 $402,120.95. Following the completion of the sale, the chief technology officer now owns 608,744 shares in the company, valued at $2,879,359.12. This represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 645,163 shares of company stock worth $3,051,621 in the last three months. Insiders own 17.50% of the company's stock.
Matterport Company Profile
(
Get Free Report)
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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