Investors Purchase Large Volume of Call Options on WM Technology (NASDAQ:MAPS)

WM Technology, Inc. (NASDAQ:MAPS) was the recipient of some unusual options trading on Thursday. Investors bought 3,862 call options on the stock. This represents an increase of approximately 273% compared to the typical daily volume of 1,035 call options.

Wall Street Analyst Weigh In

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

Insider Activity

In other WM Technology news, 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 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas Francis sold 103,019 shares of WM Technology stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total value of $70,052.92. Following the completion of the transaction, the chief executive officer owned 8,467,787 shares in the company, valued at $5,758,095.16. This trade represents a 1.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 475,260 shares of company stock worth $323,177. Company insiders own 23.64% of the company’s stock.

Institutional Investors Weigh In On WM Technology

A number of large investors have recently modified their holdings of the business. Corient Private Wealth LLC grew its stake in shares of WM Technology by 65.5% during the fourth quarter. Corient Private Wealth LLC now owns 151,593 shares of the company’s stock worth $125,000 after acquiring an additional 60,013 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of WM Technology by 143.6% during the fourth quarter. DGS Capital Management LLC now owns 37,041 shares of the company’s stock worth $31,000 after acquiring an additional 21,834 shares during the last quarter. Invesco Ltd. grew its stake in shares of WM Technology by 43.8% during the fourth quarter. Invesco Ltd. now owns 57,105 shares of the company’s stock worth $47,000 after acquiring an additional 17,386 shares during the last quarter. Beartown Capital Management LLC purchased a new stake in shares of WM Technology during the fourth quarter worth about $469,000. Finally, Verdad Advisers LP purchased a new stake in shares of WM Technology during the fourth quarter worth about $338,000. Hedge funds and other institutional investors own 22.02% of the company’s stock.

WM Technology Stock Performance

MAPS traded down $0.03 on Thursday, hitting $0.37. The company had a trading volume of 1,817,935 shares, compared to its average volume of 1,157,617. The stock has a fifty day moving average price of $0.69 and a 200-day moving average price of $0.87. WM Technology has a 12-month low of $0.33 and a 12-month high of $1.36. The stock has a market capitalization of $59.16 million, a price-to-earnings ratio of 18.61 and a beta of 1.22.

WM Technology (NASDAQ:MAPS) last posted its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). WM Technology had a net margin of 1.12% and a return on equity of 1.51%. The company had revenue of $43.07 million during the quarter, compared to analysts’ expectations of $42.00 million.

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.