Matterport, Inc. (NASDAQ:MTTR - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $5.24 and last traded at $5.24, with a volume of 372540 shares changing hands. The stock had previously closed at $5.21.
Matterport Stock Performance
The stock has a market capitalization of $1.69 billion, a P/E ratio of -6.29 and a beta of 1.05. The company's 50-day moving average price is $4.91 and its 200 day moving average price is $4.64.
Matterport (NASDAQ:MTTR - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The company had revenue of $43.79 million for the quarter, compared to the consensus estimate of $43.91 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current year.
Insiders Place Their Bets
In other Matterport news, CRO Jay Remley sold 82,229 shares of the firm'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 $388,943.17. Following the completion of the sale, the executive now directly owns 1,408,626 shares in the company, valued at $6,662,800.98. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $564,345.76. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 645,163 shares of company stock valued at $3,051,621 over the last 90 days. Insiders own 17.50% of the company's stock.
Hedge Funds Weigh In On Matterport
A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in shares of Matterport by 39.0% in the 2nd quarter. Renaissance Technologies LLC now owns 189,811 shares of the company's stock valued at $848,000 after acquiring an additional 53,300 shares during the last quarter. Millennium Management LLC increased its stake in Matterport by 142.3% in the second quarter. Millennium Management LLC now owns 3,021,453 shares of the company's stock valued at $13,506,000 after purchasing an additional 1,774,442 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Matterport by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 103,824 shares of the company's stock worth $464,000 after purchasing an additional 2,550 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Matterport during the 2nd quarter worth approximately $655,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Matterport in the 2nd quarter valued at $3,142,000. 36.96% of the stock is owned by hedge funds and other institutional investors.
About Matterport
(
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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