Short Interest in WM Technology, Inc. (NASDAQ:MAPS) Grows By 19.6%

WM Technology, Inc. (NASDAQ:MAPS) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 3,971,108 shares, an increase of 19.6% from the January 29th total of 3,319,297 shares. Based on an average trading volume of 954,573 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.3% of the company’s stock are short sold. Approximately 3.3% of the company’s stock are short sold. Based on an average trading volume of 954,573 shares, the days-to-cover ratio is presently 4.2 days.

Insider Activity

In other WM Technology news, General Counsel Brian Camire sold 101,209 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total value of $68,822.12. Following the completion of the sale, the general counsel directly owned 1,741,653 shares of the company’s stock, valued at approximately $1,184,324.04. This represents a 5.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Sarah Griffis sold 271,032 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total transaction of $184,301.76. Following the completion of the sale, the chief technology officer owned 1,528,968 shares of the company’s stock, valued at approximately $1,039,698.24. This trade represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 475,260 shares of company stock worth $323,177 over the last quarter. Insiders own 23.64% of the company’s stock.

Institutional Investors Weigh In On WM Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in WM Technology by 505.5% during the first quarter. AQR Capital Management LLC now owns 199,598 shares of the company’s stock worth $226,000 after purchasing an additional 166,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of WM Technology by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 777,102 shares of the company’s stock valued at $878,000 after buying an additional 121,632 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in WM Technology by 29.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,083,336 shares of the company’s stock worth $971,000 after buying an additional 246,580 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in WM Technology by 2.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 771,725 shares of the company’s stock valued at $691,000 after buying an additional 21,671 shares in the last quarter. Finally, Alpha Wave Global LP raised its holdings in WM Technology by 236.5% during the 2nd quarter. Alpha Wave Global LP now owns 339,951 shares of the company’s stock valued at $305,000 after acquiring an additional 238,916 shares during the period. 22.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

WM Technology Trading Down 1.1%

NASDAQ:MAPS opened at $0.74 on Friday. WM Technology has a 12 month low of $0.63 and a 12 month high of $1.41. The firm’s 50 day moving average is $0.77 and its 200 day moving average is $0.96. The stock has a market capitalization of $116.30 million, a PE ratio of 10.57 and a beta of 1.20.

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.