Choreo LLC Boosts Stock Position in Matterport, Inc. (NASDAQ:MTTR)

Choreo LLC raised its stake in Matterport, Inc. (NASDAQ:MTTR) by 23.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 30,772 shares of the company’s stock after buying an additional 5,939 shares during the quarter. Choreo LLC’s holdings in Matterport were worth $135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTTR. B. Riley Wealth Advisors Inc. purchased a new position in Matterport in the first quarter valued at about $25,000. Private Advisor Group LLC purchased a new position in Matterport in the fourth quarter valued at about $31,000. Cetera Advisors LLC purchased a new position in Matterport in the first quarter valued at about $44,000. Virtu Financial LLC grew its stake in Matterport by 31.9% in 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. Finally, Trellis Wealth Advisors LLC purchased a new position in Matterport in the second quarter valued at about $49,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Insider Transactions at Matterport

In other news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $4.40, for a total transaction of $110,000.00. Following the sale, the chief financial officer now owns 1,617,608 shares in the company, valued at $7,117,475.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $4.40, for a total transaction of $110,000.00. Following the sale, the chief financial officer now owns 1,617,608 shares in the company, valued at $7,117,475.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Raymond J. Pittman sold 135,083 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.41, for a total value of $595,716.03. Following the completion of the sale, the chief executive officer now owns 4,083,196 shares in the company, valued at approximately $18,006,894.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 494,671 shares of company stock worth $2,152,482. Insiders own 17.50% of the company’s stock.

Matterport Price Performance

MTTR opened at $4.55 on Friday. The business’s 50-day moving average is $4.36 and its two-hundred day moving average is $3.77. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $4.99. The firm has a market capitalization of $1.43 billion, a PE ratio of -7.58 and a beta of 1.08.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). Matterport had a negative return on equity of 32.22% and a negative net margin of 164.17%. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $44.38 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts expect that Matterport, Inc. will post -0.44 EPS for the current year.

Matterport 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.