WM Technology (NASDAQ:MAPS) CTO Sarah Griffis Sells 271,032 Shares of Stock

WM Technology, Inc. (NASDAQ:MAPS) CTO Sarah Griffis sold 271,032 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $0.68, for a total value of $184,301.76. Following the completion of the sale, the chief technology officer directly owned 1,528,968 shares of the company’s stock, valued at approximately $1,039,698.24. This trade represents a 15.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WM Technology Price Performance

NASDAQ:MAPS opened at $0.67 on Friday. The stock’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.98. WM Technology, Inc. has a fifty-two week low of $0.66 and a fifty-two week high of $1.48. The stock has a market cap of $105.48 million, a PE ratio of 9.59 and a beta of 1.23.

Institutional Trading of WM Technology

A number of institutional investors and hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC acquired a new stake in shares of WM Technology in the 4th quarter valued at approximately $27,000. Centiva Capital LP bought a new stake in WM Technology in the third quarter valued at approximately $31,000. Virtu Financial LLC acquired a new stake in WM Technology in the third quarter worth $32,000. NewEdge Advisors LLC acquired a new stake in WM Technology during the 2nd quarter worth $42,000. Finally, Bank of America Corp DE grew its stake in WM Technology by 54.9% in the third quarter. Bank of America Corp DE now owns 36,989 shares of the company’s stock valued at $43,000 after acquiring an additional 13,116 shares during the period. 22.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings cut 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.61.

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.