Matterport (NASDAQ:MTTR) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Matterport (NASDAQ:MTTR - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11), Zacks reports. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%.

Matterport Price Performance

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Shares of MTTR stock traded up $0.04 during midday trading on Wednesday, hitting $5.44. The company had a trading volume of 9,098,953 shares, compared to its average volume of 5,168,534. Matterport has a 52-week low of $1.73 and a 52-week high of $5.46. The company's 50 day simple moving average is $5.07 and its 200 day simple moving average is $4.77. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -6.55 and a beta of 1.06.

Insider Transactions at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of the company's stock in a transaction that occurred 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 owns 4,176,241 shares in the company, valued at $19,753,619.93. This represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Jay Remley sold 82,229 shares of Matterport 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 $388,943.17. Following the completion of the transaction, the executive now owns 1,408,626 shares of the company's stock, valued at approximately $6,662,800.98. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 645,163 shares of company stock valued at $3,051,621. Corporate insiders own 17.50% of the company's stock.

Matterport Company Profile

(Get Free Report)

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.

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