AQR Capital Management LLC Reduces Stock Position in Matterport, Inc. (NASDAQ:MTTR)

AQR Capital Management LLC cut its holdings in Matterport, Inc. (NASDAQ:MTTR - Free Report) by 72.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,862 shares of the company's stock after selling 141,964 shares during the period. AQR Capital Management LLC's holdings in Matterport were worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Matterport by 2.2% in the first quarter. Vanguard Group Inc. now owns 24,406,900 shares of the company's stock worth $55,160,000 after acquiring an additional 520,490 shares during the period. Magnetar Financial LLC bought a new stake in shares of Matterport during the 2nd quarter valued at $27,598,000. Alpine Associates Management Inc. bought a new stake in shares of Matterport during the 2nd quarter valued at $5,816,000. Squarepoint Ops LLC raised its position in shares of Matterport by 770.0% during the 2nd quarter. Squarepoint Ops LLC now owns 856,510 shares of the company's stock valued at $3,829,000 after purchasing an additional 758,057 shares during the period. Finally, Swiss National Bank raised its position in shares of Matterport by 1.6% during the 1st quarter. Swiss National Bank now owns 512,900 shares of the company's stock valued at $1,159,000 after purchasing an additional 8,300 shares during the period. 36.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Matthew Zinn sold 17,476 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $4.23, for a total transaction of $73,923.48. Following the completion of the transaction, the insider now directly owns 434,980 shares of the company's stock, valued at approximately $1,839,965.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO James Daniel Fay sold 25,000 shares of the firm's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $4.40, for a total transaction of $110,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,617,608 shares of the company's stock, valued at approximately $7,117,475.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew Zinn sold 17,476 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $4.23, for a total transaction of $73,923.48. Following the transaction, the insider now directly owns 434,980 shares of the company's stock, valued at $1,839,965.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 494,671 shares of company stock worth $2,155,982 in the last three months. Company insiders own 17.50% of the company's stock.

Matterport Price Performance

Shares of MTTR stock traded up $0.01 on Friday, hitting $4.80. 2,571,611 shares of the stock traded hands, compared to its average volume of 2,793,745. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -8.00 and a beta of 1.07. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $4.99. The firm has a 50 day simple moving average of $4.48 and a two-hundred day simple moving average of $4.16.

Matterport (NASDAQ:MTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $44.38 million. Matterport had a negative net margin of 164.17% and a negative return on equity of 32.22%. The company's revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned ($0.19) EPS. Sell-side analysts forecast that Matterport, Inc. will post -0.44 EPS for the current year.

Matterport Company Profile

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.