Sand Grove Capital Management LLP Has $9.32 Million Stock Position in Matterport, Inc. (NASDAQ:MTTR)

Sand Grove Capital Management LLP increased its position in shares of Matterport, Inc. (NASDAQ:MTTR - Free Report) by 112.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,071,883 shares of the company's stock after purchasing an additional 1,094,879 shares during the quarter. Matterport accounts for approximately 3.6% of Sand Grove Capital Management LLP's investment portfolio, making the stock its 13th largest holding. Sand Grove Capital Management LLP owned 0.64% of Matterport worth $9,323,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MTTR. The Manufacturers Life Insurance Company lifted its stake in Matterport by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 103,824 shares of the company's stock valued at $464,000 after buying an additional 2,550 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Matterport by 23.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company's stock worth $63,000 after buying an additional 2,618 shares in the last quarter. Virtu Financial LLC increased its stake in Matterport by 31.9% during the first quarter. Virtu Financial LLC now owns 20,568 shares of the company's stock valued at $46,000 after purchasing an additional 4,969 shares during the last quarter. Blair William & Co. IL grew its position in Matterport by 3.2% in the 2nd quarter. Blair William & Co. IL now owns 168,473 shares of the company's stock worth $753,000 after purchasing an additional 5,226 shares during the last quarter. Finally, Choreo LLC raised its position in shares of Matterport by 23.9% during the 2nd quarter. Choreo LLC now owns 30,772 shares of the company's stock worth $135,000 after buying an additional 5,939 shares in the last quarter. Hedge funds and other institutional investors own 36.96% of the company's stock.

Matterport Trading Up 0.4 %

MTTR stock traded up $0.02 on Thursday, hitting $4.77. 1,254,288 shares of the company's stock traded hands, compared to its average volume of 2,694,319. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -5.72 and a beta of 1.06. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $4.99. The stock has a fifty day moving average of $4.70 and a 200-day moving average of $4.45.

Matterport (NASDAQ:MTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). The firm had revenue of $43.79 million for the quarter, compared to the consensus estimate 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 revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. On average, equities research analysts anticipate that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Matterport

In other news, CTO Japjit Tulsi sold 85,015 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $402,120.95. Following the sale, the chief technology officer now directly owns 608,744 shares of the company's stock, valued at $2,879,359.12. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $1,696,211.11. Following the completion of the sale, the chief executive officer now owns 4,176,241 shares of the company's stock, valued at approximately $19,753,619.93. The trade was a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 675,935 shares of company stock worth $3,187,383. Company insiders own 17.50% of the company's stock.

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.