WM Technology, Inc. (NASDAQ:MAPS) CEO Douglas Francis Sells 155,897 Shares

WM Technology, Inc. (NASDAQ:MAPS) CEO Douglas Francis sold 155,897 shares of WM Technology stock in a transaction on Friday, May 16th. The stock was sold at an average price of $1.11, for a total transaction of $173,045.67. Following the sale, the chief executive officer now directly owns 8,886,513 shares of the company’s stock, valued at approximately $9,864,029.43. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

WM Technology Price Performance

Shares of MAPS traded up $0.05 during mid-day trading on Tuesday, reaching $1.12. 642,435 shares of the company’s stock were exchanged, compared to its average volume of 869,929. The business’s fifty day simple moving average is $1.15 and its 200-day simple moving average is $1.24. WM Technology, Inc. has a 52-week low of $0.70 and a 52-week high of $1.65. The stock has a market capitalization of $172.87 million, a PE ratio of -37.32 and a beta of 1.14.

WM Technology (NASDAQ:MAPS) last announced its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $44.61 million during the quarter, compared to the consensus estimate of $43.00 million. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC purchased a new position in WM Technology in the 4th quarter valued at $39,000. Barclays PLC boosted its holdings in shares of WM Technology by 12.4% in the fourth quarter. Barclays PLC now owns 136,584 shares of the company’s stock valued at $188,000 after acquiring an additional 15,074 shares in the last quarter. Raymond James Financial Inc. purchased a new position in WM Technology during the fourth quarter worth about $52,000. JPMorgan Chase & Co. lifted its position in WM Technology by 100.6% in the third quarter. JPMorgan Chase & Co. now owns 169,284 shares of the company’s stock valued at $147,000 after purchasing an additional 84,907 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in WM Technology by 50.2% in the 4th quarter. Bank of New York Mellon Corp now owns 198,655 shares of the company’s stock valued at $274,000 after purchasing an additional 66,426 shares in the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

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.