Matterport, Inc. (NASDAQ:MTTR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Matterport, Inc. (NASDAQ:MTTR) by 30.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,526 shares of the company’s stock after selling 10,856 shares during the period. Principal Financial Group Inc.’s holdings in Matterport were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new stake in Matterport in the 2nd quarter worth about $29,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Matterport during the 3rd quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Matterport by 23.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company’s stock valued at $63,000 after purchasing an additional 2,618 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Matterport by 111.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,664 shares of the company’s stock worth $97,000 after buying an additional 11,403 shares during the period. Finally, Simplicity Wealth LLC purchased a new stake in shares of Matterport in the 3rd quarter valued at $120,000. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $1,696,211.11. Following the sale, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Japjit Tulsi sold 85,015 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total transaction of $402,120.95. Following the completion of the sale, the chief technology officer now directly owns 608,744 shares in the company, valued at $2,879,359.12. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 645,163 shares of company stock valued at $3,051,621 in the last three months. 17.50% of the stock is currently owned by company insiders.

Matterport Stock Performance

NASDAQ MTTR opened at $4.89 on Wednesday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -5.89 and a beta of 1.05. The firm has a 50 day simple moving average of $4.78 and a 200-day simple moving average of $4.55. Matterport, Inc. has a one year low of $1.73 and a one year high of $5.00.

Matterport (NASDAQ:MTTR) last posted its earnings results 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 company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. Equities analysts predict that Matterport, Inc. will post -0.44 EPS for the current fiscal 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.