Insider Buying: Mattersight Corp (MATR) CFO Acquires 20,000 Shares of Stock
Mattersight Corp (NASDAQ:MATR) CFO David B. Mullen bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $2.58 per share, with a total value of $51,600.00. Following the completion of the transaction, the chief financial officer now owns 394,125 shares in the company, valued at approximately $1,016,842.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Mattersight Corp (NASDAQ:MATR) traded down 1.92% during mid-day trading on Friday, hitting $2.55. The stock had a trading volume of 143,602 shares. Mattersight Corp has a 12 month low of $2.50 and a 12 month high of $4.65. The firm’s 50-day moving average is $3.23 and its 200 day moving average is $3.51. The company’s market cap is $82.77 million.
Mattersight Corp (NASDAQ:MATR) last posted its quarterly earnings results on Tuesday, May 9th. The software maker reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.02. Mattersight Corp had a negative return on equity of 36,378.16% and a negative net margin of 49.83%. The company had revenue of $10.96 million during the quarter. Equities analysts anticipate that Mattersight Corp will post ($0.54) EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Mattersight Corp during the fourth quarter worth approximately $1,029,000. Unterberg Capital LLC bought a new position in Mattersight Corp during the fourth quarter worth approximately $6,583,000. S Squared Technology LLC raised its position in Mattersight Corp by 9.2% in the fourth quarter. S Squared Technology LLC now owns 467,927 shares of the software maker’s stock worth $1,731,000 after buying an additional 39,500 shares during the last quarter. Boston Partners raised its position in Mattersight Corp by 4.9% in the first quarter. Boston Partners now owns 750,500 shares of the software maker’s stock worth $2,627,000 after buying an additional 34,852 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Mattersight Corp by 1.7% in the first quarter. Vanguard Group Inc. now owns 787,440 shares of the software maker’s stock worth $2,756,000 after buying an additional 13,003 shares during the last quarter. 37.15% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded Mattersight Corp from a “sell” rating to a “hold” rating in a research report on Thursday, March 9th.
About Mattersight Corp
Mattersight Corporation offers behavioral analytics and provides personality-based software products. The Company uses various applications, including predictive behavioral routing, performance management, quality assurance and predictive analytics (collectively, Behavioral Analytics) to analyze and predict customer behavior based on the language exchanged between agents and customers during brand interactions.
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