Douglas Francis Sells 103,019 Shares of WM Technology (NASDAQ:MAPS) Stock

WM Technology, Inc. (NASDAQ:MAPS) CEO Douglas Francis sold 103,019 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total transaction of $70,052.92. Following the completion of the sale, the chief executive officer directly owned 8,467,787 shares in the company, valued at $5,758,095.16. This represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

WM Technology Stock Performance

NASDAQ MAPS traded down $0.02 on Friday, reaching $0.67. The company had a trading volume of 1,256,552 shares, compared to its average volume of 978,249. The company’s fifty day moving average is $0.83 and its 200-day moving average is $0.98. The firm has a market capitalization of $105.48 million, a price-to-earnings ratio of 9.59 and a beta of 1.23. WM Technology, Inc. has a 1-year low of $0.66 and a 1-year high of $1.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered WM Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, WM Technology presently has a consensus rating of “Hold” and an average target price of $2.61.

Institutional Trading of WM Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC boosted its holdings in shares of WM Technology by 29.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,083,336 shares of the company’s stock valued at $971,000 after buying an additional 246,580 shares during the last quarter. FNY Investment Advisers LLC raised its position in WM Technology by 67.0% during the second quarter. FNY Investment Advisers LLC now owns 75,000 shares of the company’s stock worth $67,000 after acquiring an additional 30,100 shares in the last quarter. Centiva Capital LP acquired a new stake in WM Technology in the third quarter valued at $31,000. OLD Mission Capital LLC bought a new position in shares of WM Technology in the 4th quarter valued at about $27,000. Finally, Baader Bank Aktiengesellschaft grew its position in shares of WM Technology by 40.0% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 350,000 shares of the company’s stock valued at $289,000 after acquiring an additional 100,000 shares during the period. Institutional investors own 22.02% of the company’s stock.

About WM Technology

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company’s platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology’s product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.