Western Standard LLC Makes New Investment in Matterport, Inc. (NASDAQ:MTTR)

Western Standard LLC acquired a new position in shares of Matterport, Inc. (NASDAQ:MTTR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 738,217 shares of the company's stock, valued at approximately $3,322,000. Matterport comprises about 3.1% of Western Standard LLC's investment portfolio, making the stock its 14th biggest position. Western Standard LLC owned 0.23% of Matterport as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new stake in Matterport during the 1st quarter worth about $25,000. Redwood Wealth Management Group LLC acquired a new position in Matterport in the second quarter valued at $29,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Matterport during the 3rd quarter valued at about $30,000. Cetera Advisors LLC purchased a new position in shares of Matterport during the 1st quarter worth about $44,000. Finally, Virtu Financial LLC boosted its position in shares of Matterport by 31.9% in the first quarter. Virtu Financial LLC now owns 20,568 shares of the company's stock worth $46,000 after acquiring an additional 4,969 shares during the last quarter. 36.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Raymond J. Pittman sold 358,607 shares of the 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 transaction, the chief executive officer now owns 4,176,241 shares of the company's stock, valued at approximately $19,753,619.93. This represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James Daniel Fay sold 119,312 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 $564,345.76. Following the sale, the chief financial officer now owns 1,690,458 shares of the company's stock, valued at approximately $7,995,866.34. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 670,163 shares of company stock worth $3,163,371 over the last quarter. 17.50% of the stock is owned by corporate insiders.

Matterport Price Performance

MTTR stock traded up $0.10 on Friday, hitting $4.86. 1,799,028 shares of the company were exchanged, compared to its average volume of 2,692,663. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -5.73 and a beta of 1.06. Matterport, Inc. has a twelve month low of $1.73 and a twelve month high of $4.99. The business's fifty day moving average is $4.71 and its two-hundred day moving average is $4.45.

Matterport (NASDAQ:MTTR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). The firm had revenue of $43.79 million for the quarter, compared to analysts' expectations of $43.91 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. Matterport's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. Equities research analysts expect that Matterport, Inc. will post -0.44 earnings per share for the current year.

About Matterport

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.