👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Matterport's chief legal officer sells $399,811 in stock

Published 04/12/2024, 11:06 am
MTTR
-

SUNNYVALE, Calif.—Matthew Zinn, the Chief Legal Officer of Matterport, Inc. (NASDAQ:MTTR), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. The transactions come as Matterport's stock trades near its 52-week high of $4.99, having delivered an impressive 75.46% return year-to-date. On December 2, Zinn sold 84,441 shares of Matterport's Class A Common Stock, amounting to approximately $399,811, at a weighted average price of $4.7348 per share.

Earlier, on December 1, Zinn acquired 45,454 shares through the exercise of restricted stock units, a move that did not involve any cash transaction. Additionally, on November 29, he acquired 3,000 shares under the company's Employee Stock Purchase Plan at $2.2865 per share, totaling $6,859. InvestingPro analysis shows the company maintains a strong balance sheet with more cash than debt, though it remains unprofitable over the last twelve months.

These transactions reflect routine financial management activities, including a non-discretionary sale to cover taxes and fees associated with the vesting of restricted stock units. For deeper insights into Matterport's financial health and additional exclusive analysis, check out the comprehensive Pro Research Report available on InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.