Insider Selling: WM Technology, Inc. (NASDAQ:MAPS) General Counsel Sells $28,404.96 in Stock

WM Technology, Inc. (NASDAQ:MAPS) General Counsel Brian Camire sold 27,848 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1.02, for a total transaction of $28,404.96. Following the completion of the transaction, the general counsel now owns 629,158 shares in the company, valued at $641,741.16. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WM Technology Stock Performance

NASDAQ MAPS opened at $1.20 on Friday. The firm’s fifty day moving average is $0.90 and its two-hundred day moving average is $0.97. WM Technology, Inc. has a one year low of $0.70 and a one year high of $1.47.

WM Technology (NASDAQ:MAPS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%. The firm had revenue of $46.55 million for the quarter.

Analysts Set New Price Targets

Separately, Westpark Capital reissued a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a report on Wednesday, November 13th.

Hedge Funds Weigh In On WM Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of WM Technology in the third quarter valued at about $25,000. Virtu Financial LLC acquired a new position in WM Technology during the first quarter worth $28,000. Quadrature Capital Ltd purchased a new position in WM Technology in the first quarter worth $53,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of WM Technology during the 3rd quarter worth $75,000. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of WM Technology during the 2nd quarter worth $79,000. 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.