WM Technology, Inc. (NASDAQ:MAPS) Short Interest Update

WM Technology, Inc. (NASDAQ:MAPS) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 3,642,027 shares, a decrease of 23.8% from the March 31st total of 4,781,121 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 4,321,295 shares, the short-interest ratio is presently 0.8 days.

WM Technology Price Performance

Shares of WM Technology stock traded up $0.01 during trading on Wednesday, hitting $0.34. The stock had a trading volume of 1,229,680 shares, compared to its average volume of 2,239,156. The firm’s fifty day simple moving average is $0.59 and its 200-day simple moving average is $0.79. The stock has a market cap of $54.50 million, a PE ratio of 17.14 and a beta of 1.22. WM Technology has a 12 month low of $0.31 and a 12 month high of $1.36.

WM Technology (NASDAQ:MAPS) last released its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). WM Technology had a return on equity of 1.51% and a net margin of 1.12%.The firm had revenue of $43.07 million during the quarter, compared to the consensus estimate of $42.00 million.

Insider Transactions at WM Technology

In related news, General Counsel Brian Camire sold 101,209 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total transaction of $68,822.12. Following the completion of the transaction, the general counsel directly owned 1,741,653 shares of the company’s stock, valued at approximately $1,184,324.04. This trade represents a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Sarah Griffis sold 271,032 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total transaction of $184,301.76. Following the transaction, the chief technology officer owned 1,528,968 shares of the company’s stock, valued at $1,039,698.24. This trade represents a 15.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 475,260 shares of company stock valued at $323,177 over the last three months. Corporate insiders own 23.64% of the company’s stock.

Institutional Investors Weigh In On WM Technology

Several large investors have recently modified their holdings of MAPS. JPMorgan Chase & Co. raised its holdings in shares of WM Technology by 1,399.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock valued at $1,754,000 after purchasing an additional 1,411,456 shares in the last quarter. Beartown Capital Management LLC bought a new stake in shares of WM Technology in the 4th quarter valued at about $469,000. Ameriprise Financial Inc. bought a new stake in shares of WM Technology in the 3rd quarter valued at about $486,000. Verdad Advisers LP bought a new stake in shares of WM Technology in the 4th quarter valued at about $338,000. Finally, Two Sigma Investments LP raised its holdings in shares of WM Technology by 60.0% in the 3rd quarter. Two Sigma Investments LP now owns 787,714 shares of the company’s stock valued at $914,000 after purchasing an additional 295,252 shares in the last quarter. Institutional investors own 22.02% of the company’s stock.

About WM Technology

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company’s platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology’s product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.