WM Technology, Inc. (NASDAQ:MAPS) General Counsel Sells $28,404.96 in Stock

WM Technology, Inc. (NASDAQ:MAPS) General Counsel Brian Camire sold 27,848 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $1.02, for a total transaction of $28,404.96. Following the completion of the transaction, the general counsel now directly owns 629,158 shares of the company’s stock, valued at approximately $641,741.16. The trade was a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

WM Technology Stock Down 1.7 %

MAPS traded down $0.02 during trading hours on Wednesday, reaching $1.18. 807,924 shares of the company’s stock traded hands, compared to its average volume of 625,237. The firm has a market capitalization of $179.87 million, a PE ratio of -40.00 and a beta of 0.77. WM Technology, Inc. has a 52-week low of $0.70 and a 52-week high of $1.47. The firm has a 50-day moving average price of $0.88 and a 200 day moving average price of $0.97.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%. The company had revenue of $46.55 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital restated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in WM Technology by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,452,355 shares of the company’s stock worth $5,922,000 after buying an additional 24,588 shares during the last quarter. Tidal Investments LLC purchased a new position in WM Technology during the first quarter valued at $4,685,000. State Street Corp boosted its stake in shares of WM Technology by 4.6% in the third quarter. State Street Corp now owns 989,704 shares of the company’s stock worth $861,000 after acquiring an additional 43,343 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of WM Technology by 16.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company’s stock valued at $372,000 after buying an additional 61,265 shares during the last quarter. Finally, Luxor Capital Group LP lifted its stake in shares of WM Technology by 42.5% in the third quarter. Luxor Capital Group LP now owns 305,192 shares of the company’s stock worth $266,000 after buying an additional 90,950 shares in the last quarter. 22.02% of the stock is owned by institutional investors.

About WM Technology

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and education and learning information to help newer consumers learn about the types of products to purchase.