Insider Selling: WM Technology (NASDAQ:MAPS) General Counsel Sells 90,979 Shares of Stock

WM Technology, Inc. (NASDAQ:MAPS) General Counsel Brian Camire sold 90,979 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $0.84, for a total value of $76,422.36. Following the sale, the general counsel owned 1,842,862 shares of the company’s stock, valued at $1,548,004.08. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

WM Technology Stock Down 5.0%

Shares of MAPS stock traded down $0.04 during trading hours on Thursday, reaching $0.75. The company’s stock had a trading volume of 1,135,974 shares, compared to its average volume of 862,051. WM Technology, Inc. has a fifty-two week low of $0.74 and a fifty-two week high of $1.65. The firm’s 50 day simple moving average is $1.09 and its 200-day simple moving average is $1.06. The company has a market capitalization of $117.92 million, a price-to-earnings ratio of 10.72 and a beta of 1.09.

WM Technology (NASDAQ:MAPS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $42.18 million for the quarter, compared to the consensus estimate of $42.00 million. WM Technology had a return on equity of 6.22% and a net margin of 4.40%. WM Technology has set its Q4 2025 guidance at EPS.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MAPS. Wall Street Zen downgraded shares of WM Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Westpark Capital reissued a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a research note on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of WM Technology in a research note on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, WM Technology has a consensus rating of “Moderate Buy” and an average price target of $2.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Centiva Capital LP bought a new stake in WM Technology during the 3rd quarter worth approximately $31,000. Virtu Financial LLC acquired a new position in shares of WM Technology during the third quarter worth $32,000. NewEdge Advisors LLC bought a new stake in shares of WM Technology in the second quarter worth $42,000. Bank of America Corp DE grew 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 worth $43,000 after purchasing an additional 13,116 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its holdings 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 during the period. Institutional investors and hedge funds own 22.02% of the company’s stock.

WM Technology Company Profile

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.