Certuity LLC Has $58,000 Stake in Matterport, Inc. (NASDAQ:MTTR)

Certuity LLC lowered its stake in shares of Matterport, Inc. (NASDAQ:MTTR) by 42.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,237 shares of the company’s stock after selling 9,057 shares during the period. Certuity LLC’s holdings in Matterport were worth $58,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MTTR. Sand Grove Capital Management LLP increased its stake in Matterport by 112.1% during the third quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock valued at $9,323,000 after acquiring an additional 1,094,879 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Matterport by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,967,215 shares of the company’s stock worth $8,852,000 after purchasing an additional 1,057,537 shares in the last quarter. Alpine Associates Management Inc. raised its stake in shares of Matterport by 57.2% in the third quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock valued at $9,206,000 after purchasing an additional 744,582 shares in the last quarter. Western Standard LLC bought a new position in Matterport in the third quarter worth $3,322,000. Finally, Geode Capital Management LLC lifted its position in Matterport by 7.8% in the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock worth $29,410,000 after purchasing an additional 471,641 shares during the period. Institutional investors and hedge funds own 36.96% of the company’s stock.

Insider Activity

In other news, CEO Raymond J. Pittman sold 358,607 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 value of $1,696,211.11. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Jay Remley sold 82,229 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 transaction of $388,943.17. Following the sale, the executive now owns 1,408,626 shares of the company’s stock, valued at $6,662,800.98. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 645,163 shares of company stock worth $3,051,621. Company insiders own 17.50% of the company’s stock.

Matterport Stock Performance

Shares of MTTR stock opened at $5.21 on Friday. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $5.36. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -6.28 and a beta of 1.06. The firm has a fifty day moving average of $5.01 and a 200-day moving average of $4.70.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The firm had revenue of $43.79 million during the quarter, compared to analyst estimates of $43.91 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Matterport, Inc. will post -0.44 earnings per share 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.