WM Technology (NASDAQ:MAPS) CEO Sells $131,748.39 in Stock

WM Technology, Inc. (NASDAQ:MAPS) CEO Douglas Francis sold 158,733 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $0.83, for a total value of $131,748.39. Following the completion of the sale, the chief executive officer directly owned 8,570,806 shares of the company’s stock, valued at $7,113,768.98. The trade was a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

WM Technology Stock Down 5.0%

NASDAQ:MAPS traded down $0.04 during trading hours on Thursday, hitting $0.75. 1,135,974 shares of the company traded hands, compared to its average volume of 862,051. The company has a market cap of $117.92 million, a PE ratio of 11.28 and a beta of 1.09. The firm’s 50-day simple moving average is $1.10 and its 200-day simple moving average is $1.07. WM Technology, Inc. has a one year low of $0.74 and a one year high of $1.65.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of WM Technology by 24.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 938,598 shares of the company’s stock valued at $1,089,000 after acquiring an additional 182,433 shares during the period. Centiva Capital LP bought a new stake in shares of WM Technology in the 3rd quarter worth approximately $31,000. Bank of America Corp DE lifted 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 purchasing an additional 13,116 shares during the last quarter. Ameriprise Financial Inc. bought a new position in WM Technology during the third quarter valued at $486,000. Finally, Virtu Financial LLC bought a new position in WM Technology during the third quarter valued at $32,000. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAPS has been the subject of several analyst reports. Westpark Capital reiterated a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a research note on Monday, August 11th. Wall Street Zen lowered WM Technology from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of WM Technology in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.