Investors Purchase High Volume of Call Options on WM Technology (NASDAQ:MAPS)

WM Technology, Inc. (NASDAQ:MAPS) saw some unusual options trading activity on Thursday. Traders purchased 3,862 call options on the company. This represents an increase of 273% compared to the typical volume of 1,035 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut 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’s stock. According to MarketBeat, WM Technology currently has an average rating of “Hold” and a consensus price target of $2.61.

Insider Activity at WM Technology

In other WM Technology news, General Counsel Brian Camire sold 101,209 shares of WM Technology stock in a transaction on 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 transaction, the general counsel owned 1,741,653 shares of the company’s stock, valued at approximately $1,184,324.04. The trade was a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Sarah Griffis sold 271,032 shares of WM Technology stock in a transaction on 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 transaction, the chief technology officer directly owned 1,528,968 shares of the company’s stock, valued at $1,039,698.24. The trade was a 15.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 475,260 shares of company stock worth $323,177 over the last three months. Company insiders own 23.64% of the company’s stock.

Institutional Trading of WM Technology

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of WM Technology by 2.6% during the third quarter. Vanguard Group Inc. now owns 5,348,488 shares of the company’s stock worth $6,204,000 after purchasing an additional 137,715 shares in the last quarter. State Street Corp increased its stake in shares of WM Technology by 2.3% during the fourth quarter. State Street Corp now owns 1,669,801 shares of the company’s stock worth $1,378,000 after purchasing an additional 37,165 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of WM Technology by 1,399.9% during the third quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock worth $1,754,000 after purchasing an additional 1,411,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of WM Technology by 24.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 938,598 shares of the company’s stock worth $1,089,000 after purchasing an additional 182,433 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in WM Technology by 60.0% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 22.02% of the company’s stock.

WM Technology Stock Down 0.2%

MAPS stock opened at $0.40 on Friday. The stock has a market capitalization of $63.79 million, a P/E ratio of 20.07 and a beta of 1.22. The firm has a 50-day simple moving average of $0.68 and a 200-day simple moving average of $0.87. WM Technology has a 52 week low of $0.33 and a 52 week high of $1.36.

WM Technology (NASDAQ:MAPS) last released its earnings results on Thursday, March 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The company had revenue of $43.07 million for the quarter, compared to analysts’ expectations of $42.00 million. WM Technology had a return on equity of 1.51% and a net margin of 1.12%.

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.