JPMorgan Chase & Co. Has $1.75 Million Stock Position in WM Technology, Inc. $MAPS

JPMorgan Chase & Co. grew its position in WM Technology, Inc. (NASDAQ:MAPS) by 1,399.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,512,281 shares of the company’s stock after buying an additional 1,411,456 shares during the period. JPMorgan Chase & Co. owned 0.96% of WM Technology worth $1,754,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of WM Technology by 54.9% during the third quarter. Bank of America Corp DE now owns 36,989 shares of the company’s stock worth $43,000 after purchasing an additional 13,116 shares during the period. Centiva Capital LP acquired a new stake in shares of WM Technology during the third quarter worth $31,000. Virtu Financial LLC acquired a new stake in shares of WM Technology during the third quarter worth $32,000. NewEdge Advisors LLC acquired a new stake in shares of WM Technology during the second quarter worth $42,000. Finally, Ritholtz Wealth Management grew its stake in shares of WM Technology by 67.0% during the third quarter. Ritholtz Wealth Management now owns 224,902 shares of the company’s stock worth $261,000 after purchasing an additional 90,247 shares during the period. 22.02% of the stock is owned by institutional investors and hedge funds.

WM Technology Price Performance

Shares of WM Technology stock opened at $0.71 on Wednesday. The firm has a market cap of $112.55 million, a price-to-earnings ratio of 35.40 and a beta of 1.22. The stock’s 50-day moving average is $0.69 and its 200-day moving average is $0.87. WM Technology, Inc. has a one year low of $0.60 and a one year high of $1.36.

WM Technology (NASDAQ:MAPS) last posted its quarterly earnings data on Thursday, March 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). The firm had revenue of $43.07 million for the quarter, compared to analyst estimates of $42.00 million. WM Technology had a return on equity of 1.51% and a net margin of 1.12%.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, WM Technology currently has an average rating of “Hold” and an average target price of $2.61.

Insider Transactions at WM Technology

In other news, General Counsel Brian Camire sold 101,209 shares of the company’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 completion of the transaction, the general counsel directly owned 1,741,653 shares of the company’s stock, valued at $1,184,324.04. This represents a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas Francis sold 103,019 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $0.68, for a total value of $70,052.92. Following the transaction, the chief executive officer directly owned 8,467,787 shares of the company’s stock, valued at $5,758,095.16. This represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 475,260 shares of company stock valued at $323,177 over the last three months. Company insiders own 23.64% 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.