Insider Selling: WM Technology (NASDAQ:MAPS) CEO Sells 103,019 Shares of Stock

WM Technology, Inc. (NASDAQ:MAPS) CEO Douglas Francis sold 103,019 shares of WM Technology stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $0.68, for a total value of $70,052.92. Following the transaction, the chief executive officer owned 8,467,787 shares of the company’s stock, valued at $5,758,095.16. The trade was a 1.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

WM Technology Trading Down 2.4%

NASDAQ:MAPS traded down $0.02 on Friday, hitting $0.67. The company’s stock had a trading volume of 1,256,552 shares, compared to its average volume of 978,249. WM Technology, Inc. has a one year low of $0.66 and a one year high of $1.48. The firm has a market capitalization of $105.48 million, a P/E ratio of 9.59 and a beta of 1.23. The stock has a fifty day moving average of $0.83 and a two-hundred day moving average of $0.98.

Institutional Investors Weigh In On WM Technology

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC lifted its position in shares of WM Technology by 29.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,083,336 shares of the company’s stock valued at $971,000 after acquiring an additional 246,580 shares during the period. FNY Investment Advisers LLC raised its stake in WM Technology by 67.0% in the second quarter. FNY Investment Advisers LLC now owns 75,000 shares of the company’s stock valued at $67,000 after purchasing an additional 30,100 shares in the last quarter. Centiva Capital LP bought a new stake in WM Technology during the third quarter worth about $31,000. OLD Mission Capital LLC acquired a new stake in WM Technology during the fourth quarter worth about $27,000. Finally, Baader Bank Aktiengesellschaft grew its stake in WM Technology by 40.0% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 350,000 shares of the company’s stock worth $289,000 after buying an additional 100,000 shares in the last quarter. 22.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.