WM Technology (NASDAQ:MAPS) Trading Down 2% – Time to Sell?

WM Technology, Inc. (NASDAQ:MAPS) dropped 2% during mid-day trading on Thursday . The company traded as low as $0.38 and last traded at $0.3820. Approximately 139,106 shares were traded during trading, a decline of 92% from the average session volume of 1,710,030 shares. The stock had previously closed at $0.3898.

WM Technology Stock Up 1.2%

The firm’s 50-day moving average is $0.38 and its 200-day moving average is $0.62. The company has a market capitalization of $61.50 million, a PE ratio of 19.34 and a beta of 0.87.

Hedge Funds Weigh In On WM Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of WM Technology by 1,399.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock valued at $1,754,000 after purchasing an additional 1,411,456 shares during the last quarter. Beartown Capital Management LLC bought a new stake in WM Technology in the 4th quarter worth approximately $469,000. Ameriprise Financial Inc. purchased a new stake in WM Technology in the third quarter worth approximately $486,000. Verdad Advisers LP purchased a new stake in WM Technology in the fourth quarter worth approximately $338,000. Finally, Two Sigma Investments LP grew its position in WM Technology by 60.0% during the third quarter. Two Sigma Investments LP now owns 787,714 shares of the company’s stock valued at $914,000 after acquiring an additional 295,252 shares during the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

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.