Insider Selling: WM Technology (NASDAQ:MAPS) CEO Sells 158,733 Shares of Stock

WM Technology, Inc. (NASDAQ:MAPS) CEO Douglas Francis sold 158,733 shares of WM Technology 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 sale, the chief executive officer directly owned 8,570,806 shares in the company, valued at $7,113,768.98. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

WM Technology Stock Performance

Shares of WM Technology stock traded down $0.04 on Thursday, hitting $0.75. The stock had a trading volume of 1,135,974 shares, compared to its average volume of 862,051. The stock has a 50 day moving average of $1.10 and a 200 day moving average of $1.07. The firm has a market capitalization of $117.92 million, a P/E ratio of 11.28 and a beta of 1.09. WM Technology, Inc. has a twelve month low of $0.74 and a twelve month high of $1.65.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in WM Technology by 14.2% during the first quarter. Bank of New York Mellon Corp now owns 226,842 shares of the company’s stock worth $256,000 after buying an additional 28,187 shares during the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of WM Technology by 327.5% during the first quarter. OMERS ADMINISTRATION Corp now owns 373,200 shares of the company’s stock valued at $422,000 after buying an additional 285,900 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of WM Technology by 9.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 259,858 shares of the company’s stock worth $294,000 after acquiring an additional 22,343 shares in the last quarter. Scoggin Management LP acquired a new stake in shares of WM Technology in the 1st quarter worth about $1,130,000. Finally, Nuveen LLC acquired a new stake in shares of WM Technology in the 1st quarter worth about $126,000. Institutional investors own 22.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MAPS shares. Westpark Capital reiterated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a research report on Monday, August 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of WM Technology in a report on Monday. Finally, Wall Street Zen lowered WM Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, WM Technology presently has a consensus rating of “Moderate Buy” and an average target price of $2.61.

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.