WM Technology (NASDAQ:MAPS) CTO Sells $184,301.76 in Stock

WM Technology, Inc. (NASDAQ:MAPS) CTO Sarah Griffis sold 271,032 shares of WM Technology stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $0.68, for a total value of $184,301.76. Following the completion of the sale, the chief technology officer owned 1,528,968 shares in the company, valued at approximately $1,039,698.24. This represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

WM Technology Stock Down 2.4%

Shares of WM Technology stock opened at $0.67 on Monday. The business has a 50 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 company has a market cap of $105.48 million, a PE ratio of 9.59 and a beta of 1.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAPS. OLD Mission Capital LLC bought a new stake in WM Technology in the 4th quarter worth approximately $27,000. Centiva Capital LP bought a new position in WM Technology in the third quarter worth approximately $31,000. Virtu Financial LLC purchased a new position in shares of WM Technology during the 3rd quarter worth $32,000. NewEdge Advisors LLC bought a new stake in shares of WM Technology during the 2nd quarter valued at $42,000. Finally, 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 valued at $43,000 after acquiring an additional 13,116 shares during the period. Institutional investors own 22.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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