Penserra Capital Management LLC Has $1.02 Million Stock Position in WM Technology, Inc. (NASDAQ:MAPS)

Penserra Capital Management LLC lessened its stake in shares of WM Technology, Inc. (NASDAQ:MAPS) by 6.7% during the third quarter, Holdings Channel.com reports. The firm owned 1,176,741 shares of the company’s stock after selling 84,717 shares during the period. Penserra Capital Management LLC’s holdings in WM Technology were worth $1,023,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tidal Investments LLC bought a new position in WM Technology in the first quarter worth approximately $4,685,000. AdvisorShares Investments LLC bought a new stake in shares of WM Technology during the second quarter valued at approximately $224,000. Luxor Capital Group LP raised its position in shares of WM Technology by 754.6% during the second quarter. Luxor Capital Group LP now owns 214,242 shares of the company’s stock worth $223,000 after purchasing an additional 189,174 shares during the period. Bank of New York Mellon Corp bought a new position in shares of WM Technology in the 2nd quarter worth $196,000. Finally, Rhumbline Advisers acquired a new stake in WM Technology in the 2nd quarter valued at $106,000. 22.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WM Technology

In other WM Technology news, General Counsel Brian Camire sold 27,848 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $1.02, for a total value of $28,404.96. Following the completion of the sale, the general counsel now directly owns 629,158 shares of the company’s stock, valued at approximately $641,741.16. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Westpark Capital restated a “buy” rating and set a $2.61 price target on shares of WM Technology in a research note on Wednesday, November 13th.

WM Technology Price Performance

MAPS opened at $1.28 on Wednesday. WM Technology, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.47. The firm has a market capitalization of $195.66 million, a PE ratio of -42.65 and a beta of 0.77. The company’s 50-day moving average is $0.90 and its 200 day moving average is $0.97.

WM Technology (NASDAQ:MAPS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.03 EPS for the quarter, hitting 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 during the quarter.

WM Technology 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.