Brian Camire Sells 373,523 Shares of WM Technology, Inc. (NASDAQ:MAPS) Stock

WM Technology, Inc. (NASDAQ:MAPS) General Counsel Brian Camire sold 373,523 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $1.09, for a total value of $407,140.07. Following the transaction, the general counsel now owns 2,024,323 shares of the company’s stock, valued at approximately $2,206,512.07. The trade was a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WM Technology Stock Up 4.7%

NASDAQ MAPS opened at $1.12 on Wednesday. The firm has a market cap of $172.87 million, a PE ratio of -37.32 and a beta of 1.14. WM Technology, Inc. has a 52 week low of $0.70 and a 52 week high of $1.65. The company has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.24.

WM Technology (NASDAQ:MAPS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $44.61 million for the quarter, compared to the consensus estimate of $43.00 million. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reiterated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a report on Friday, May 9th.

Institutional Trading of WM Technology

Several hedge funds and other institutional investors have recently bought and sold shares of MAPS. Barclays PLC lifted its position in shares of WM Technology by 37.5% during the 3rd quarter. Barclays PLC now owns 121,510 shares of the company’s stock valued at $106,000 after buying an additional 33,153 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of WM Technology by 100.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 169,284 shares of the company’s stock worth $147,000 after purchasing an additional 84,907 shares during the period. SG Americas Securities LLC boosted its holdings in WM Technology by 40.6% during the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock valued at $56,000 after acquiring an additional 11,633 shares during the period. Bank of New York Mellon Corp grew its stake in shares of WM Technology by 50.2% in the fourth quarter. Bank of New York Mellon Corp now owns 198,655 shares of the company’s stock worth $274,000 after acquiring an additional 66,426 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of WM Technology during the fourth quarter worth about $438,000. 22.02% of the stock is owned by institutional investors and hedge funds.

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.