On October 1, 2024, James Fay, Chief Financial Officer of Matterport Inc (MTTR, Financial), executed a sale of 25,000 shares of the company at a price of $4.47 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 1,518,751 shares of Matterport Inc.
Matterport Inc specializes in spatial data capture and creates digital twins of physical spaces through its proprietary technology. This technology is widely used in industries such as real estate, architecture, and construction for creating accurate 3D models.
Over the past year, James Fay has sold a total of 665,713 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 42 insider sells and no insider buys over the past year.
The shares of Matterport Inc were trading at $4.47 on the day of the sale, giving the company a market cap of approximately $1.43 billion. According to the GF Value, the stock is currently Fairly Valued, with a price-to-GF-Value ratio of 1.08.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
