Insider Selling: WM Technology (NASDAQ:MAPS) CTO Sells 271,032 Shares of Stock

WM Technology, Inc. (NASDAQ:MAPS) CTO Sarah Griffis sold 271,032 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 $184,301.76. Following the completion of the transaction, the chief technology officer owned 1,528,968 shares in the company, valued at $1,039,698.24. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

WM Technology Stock Down 2.4%

Shares of MAPS stock traded down $0.02 during trading hours on Friday, reaching $0.67. 1,256,552 shares of the company’s stock were exchanged, compared to its average volume of 978,249. The stock has a market capitalization of $105.48 million, a P/E ratio of 9.59 and a beta of 1.23. WM Technology, Inc. has a fifty-two week low of $0.66 and a fifty-two week high of $1.48. The business has a fifty day moving average price of $0.83 and a 200-day moving average price of $0.98.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.61.

Institutional Investors Weigh In On WM Technology

Several large investors have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new position in WM Technology during the 4th quarter valued at about $27,000. Centiva Capital LP bought a new stake in WM Technology during the third quarter worth about $31,000. Virtu Financial LLC acquired a new stake in shares of WM Technology during the third quarter worth approximately $32,000. NewEdge Advisors LLC bought a new position in shares of WM Technology in the second quarter valued at approximately $42,000. Finally, Bank of America Corp DE raised its stake in shares of WM Technology by 54.9% in the third quarter. Bank of America Corp DE now owns 36,989 shares of the company’s stock valued at $43,000 after acquiring an additional 13,116 shares during the last quarter. Institutional investors own 22.02% of the company’s stock.

WM Technology Company Profile

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.