Matterport (NASDAQ:MTTR - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11), Zacks reports. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The company had revenue of $43.82 million during the quarter, compared to the consensus estimate of $42.87 million.
Matterport Stock Performance
Shares of MTTR stock remained flat at $5.38 during midday trading on Friday. Matterport has a 12-month low of $1.73 and a 12-month high of $5.46. The firm has a market cap of $1.74 billion, a PE ratio of -6.48 and a beta of 1.06. The firm has a 50 day moving average of $5.11 and a 200 day moving average of $4.79.
Insider Activity
In other news, CRO Jay Remley sold 82,229 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 $388,943.17. Following the completion of the sale, the executive now directly owns 1,408,626 shares in the company, valued at approximately $6,662,800.98. The trade was a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Japjit Tulsi sold 85,015 shares of the business's stock in a transaction dated 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 transaction, the chief technology officer now directly owns 608,744 shares of the company's stock, valued at approximately $2,879,359.12. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 645,163 shares of company stock valued at $3,051,621. 17.50% of the stock is owned by insiders.
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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