Brian Camire Sells 373,523 Shares of WM Technology, Inc. (NASDAQ:MAPS) Stock

WM Technology, Inc. (NASDAQ:MAPS) General Counsel Brian Camire sold 373,523 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $1.09, for a total value of $407,140.07. Following the completion of the transaction, the general counsel now directly owns 2,024,323 shares in the company, valued at $2,206,512.07. This represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

WM Technology Trading Up 4.7%

NASDAQ:MAPS traded up $0.05 on Tuesday, hitting $1.12. 642,435 shares of the company’s stock traded hands, compared to its average volume of 869,929. The firm has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.24. WM Technology, Inc. has a 1 year low of $0.70 and a 1 year high of $1.65. The company has a market cap of $172.87 million, a PE ratio of -37.32 and a beta of 1.14.

WM Technology (NASDAQ:MAPS) last released its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.00 million. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%.

Analysts Set New Price Targets

Separately, Westpark Capital restated a “buy” rating and set a $2.61 price target on shares of WM Technology in a report on Friday, May 9th.

Institutional Investors Weigh In On WM Technology

A number of institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC lifted its position in WM Technology by 4.3% during the 4th quarter. Tidal Investments LLC now owns 3,666,334 shares of the company’s stock worth $5,060,000 after buying an additional 149,928 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in WM Technology in the 1st quarter valued at about $3,056,000. Renaissance Technologies LLC boosted its holdings in shares of WM Technology by 101.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company’s stock worth $3,535,000 after acquiring an additional 1,288,497 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of WM Technology in the fourth quarter valued at about $1,767,000. Finally, Scoggin Management LP acquired a new stake in shares of WM Technology in the first quarter valued at approximately $1,130,000. 22.02% of the stock is owned by institutional investors and hedge funds.

WM Technology Company Profile

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and education and learning information to help newer consumers learn about the types of products to purchase.