WM Technology (NASDAQ:MAPS) CEO Douglas Francis Sells 158,733 Shares of Stock

WM Technology, Inc. (NASDAQ:MAPS) CEO Douglas Francis sold 158,733 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $0.83, for a total value of $131,748.39. Following the transaction, the chief executive officer directly owned 8,570,806 shares in the company, valued at approximately $7,113,768.98. This represents a 1.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

WM Technology Trading Up 2.1%

WM Technology stock traded up $0.02 during trading hours on Friday, reaching $0.77. 208,199 shares of the company were exchanged, compared to its average volume of 1,023,194. WM Technology, Inc. has a 12 month low of $0.74 and a 12 month high of $1.65. The stock has a 50-day moving average of $1.09 and a 200 day moving average of $1.06. The firm has a market cap of $120.43 million, a price-to-earnings ratio of 10.94 and a beta of 1.09.

WM Technology (NASDAQ:MAPS) last announced its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $42.18 million during the quarter, compared to the consensus estimate of $42.00 million. WM Technology had a return on equity of 6.22% and a net margin of 4.40%. WM Technology has set its Q4 2025 guidance at EPS.

Institutional Investors Weigh In On WM Technology

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of WM Technology by 24.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 938,598 shares of the company’s stock worth $1,089,000 after buying an additional 182,433 shares in the last quarter. Centiva Capital LP bought a new stake in WM Technology in the third quarter valued at $31,000. Bank of America Corp DE raised its stake in 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 acquiring an additional 13,116 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in WM Technology during the third quarter worth $486,000. Finally, Virtu Financial LLC acquired a new stake in shares of WM Technology in the 3rd quarter valued at $32,000. 22.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAPS has been the topic of several research analyst reports. Wall Street Zen downgraded shares of WM Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Westpark Capital restated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of WM Technology in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2.61.

About WM Technology

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.