UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.55 Million Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,078 shares of the company’s stock after selling 58,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Matterport were worth $2,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTTR. Magnetar Financial LLC acquired a new stake in Matterport in the second quarter valued at approximately $27,598,000. Alpine Associates Management Inc. lifted its stake in shares of Matterport by 57.2% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock valued at $9,206,000 after acquiring an additional 744,582 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Matterport during the 2nd quarter valued at $3,142,000. Charles Schwab Investment Management Inc. grew its position in Matterport by 14.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,945 shares of the company’s stock worth $10,408,000 after acquiring an additional 288,544 shares during the last quarter. Finally, Water Island Capital LLC acquired a new position in Matterport in the 2nd quarter worth about $11,722,000. 36.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Matterport

In other Matterport 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 transaction of $1,696,211.11. Following the completion of the sale, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Japjit Tulsi sold 85,015 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 $402,120.95. Following the completion of the transaction, the chief technology officer now directly owns 608,744 shares of the company’s stock, valued at approximately $2,879,359.12. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 670,163 shares of company stock valued at $3,163,371. 17.50% of the stock is currently owned by company insiders.

Matterport Stock Performance

Matterport stock opened at $4.95 on Friday. The stock has a 50-day moving average price of $4.75 and a two-hundred day moving average price of $4.47. Matterport, Inc. has a 12 month low of $1.73 and a 12 month high of $5.00. The company has a market capitalization of $1.60 billion, a PE ratio of -5.96 and a beta of 1.06.

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

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.