Insider Selling: WM Technology (NASDAQ:MAPS) General Counsel Sells $68,822.12 in Stock

WM Technology, Inc. (NASDAQ:MAPS) General Counsel Brian Camire sold 101,209 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $0.68, for a total transaction of $68,822.12. Following the transaction, the general counsel directly owned 1,741,653 shares of the company’s stock, valued at $1,184,324.04. The trade was a 5.49% 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 Trading Down 2.4%

MAPS stock opened at $0.67 on Monday. WM Technology, Inc. has a 1-year low of $0.66 and a 1-year high of $1.48. The business’s 50 day moving average is $0.82 and its 200-day moving average is $0.98. The firm has a market cap of $105.48 million, a P/E ratio of 9.59 and a beta of 1.23.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On WM Technology

Several hedge funds have recently added to or reduced their stakes in the company. Centiva Capital LP acquired a new stake in WM Technology in the third quarter worth about $31,000. Virtu Financial LLC acquired a new position in WM Technology during the 3rd quarter valued at about $32,000. OLD Mission Capital LLC bought a new position in shares of WM Technology in the 4th quarter valued at about $27,000. Bank of America Corp DE grew its position in shares of WM Technology by 54.9% during the 3rd quarter. Bank of America Corp DE now owns 36,989 shares of the company’s stock worth $43,000 after buying an additional 13,116 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of WM Technology during the second quarter worth approximately $42,000. 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.