WM Technology (NASDAQ:MAPS) CEO Sells $70,052.92 in Stock

WM Technology, Inc. (NASDAQ:MAPS) CEO Douglas Francis sold 103,019 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $0.68, for a total value of $70,052.92. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WM Technology Stock Down 2.4%

Shares of NASDAQ MAPS opened at $0.67 on Monday. The firm has a fifty day moving average of $0.82 and a 200-day moving average of $0.98. WM Technology, Inc. has a 52-week low of $0.66 and a 52-week high of $1.48. The stock has a market capitalization of $105.48 million, a PE ratio of 9.59 and a beta of 1.23.

Hedge Funds Weigh In On WM Technology

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in 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 buying an additional 13,116 shares during the last quarter. Barclays PLC increased its holdings in shares of WM Technology by 11.9% in the 4th quarter. Barclays PLC now owns 139,680 shares of the company’s stock worth $115,000 after acquiring an additional 14,844 shares during the period. Invesco Ltd. lifted its position in WM Technology by 43.8% in the 4th quarter. Invesco Ltd. now owns 57,105 shares of the company’s stock valued at $47,000 after purchasing an additional 17,386 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in WM Technology by 2.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 771,725 shares of the company’s stock valued at $691,000 after purchasing an additional 21,671 shares during the period. Finally, Centiva Capital LP acquired a new position in WM Technology during the 3rd quarter valued at about $31,000. 22.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.