Alpha Wave Global LP Sells 237,548 Shares of WM Technology, Inc. $MAPS

Key Points

• Alpha Wave Global LP has reduced its stake in WM Technology, Inc. by 70.2%, selling 237,548 shares and now owns 101,035 shares, representing just 0.1% of its portfolio.
• In the 4th quarter, several institutional investors, including JPMorgan Chase & Co. and Wells Fargo & Company, significantly increased their positions in WM Technology, indicating growing interest in the stock.
• Despite missing earnings expectations, WM Technology has a consensus rating of "Buy" among analysts, with an average price target of $2.61 per share.

Alpha Wave Global LP reduced its position in WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 70.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 101,035 shares of the company's stock after selling 237,548 shares during the period. WM Technology accounts for approximately 0.1% of Alpha Wave Global LP's investment portfolio, making the stock its 22nd largest holding. Alpha Wave Global LP owned approximately 0.07% of WM Technology worth $114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of WM Technology in the 1st quarter valued at $126,000. Covestor Ltd acquired a new stake in shares of WM Technology in the 1st quarter valued at $73,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of WM Technology by 14.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 750,054 shares of the company's stock valued at $848,000 after buying an additional 92,286 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of WM Technology by 9.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 259,858 shares of the company's stock valued at $294,000 after buying an additional 22,343 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of WM Technology in the 1st quarter valued at $3,056,000. 22.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MAPS shares. Wall Street Zen cut WM Technology from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Westpark Capital reaffirmed a "buy" rating and set a $2.61 price objective on shares of WM Technology in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $2.61.

Insider Activity

In other WM Technology news, General Counsel Brian Camire sold 90,482 shares of WM Technology stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $1.17, for a total transaction of $105,863.94. Following the transaction, the general counsel directly owned 1,933,841 shares in the company, valued at approximately $2,262,593.97. The trade was a 4.47% 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, Director Brenda Freeman sold 62,501 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $0.91, for a total value of $56,875.91. Following the completion of the sale, the director owned 432,692 shares in the company, valued at approximately $393,749.72. This trade represents a 12.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 517,303 shares of company stock valued at $533,515. Company insiders own 23.64% of the company's stock.

WM Technology Stock Up 2.5%

Shares of WM Technology stock traded up $0.03 during trading on Friday, reaching $1.24. 1,230,265 shares of the company were exchanged, compared to its average volume of 1,829,189. WM Technology, Inc. has a twelve month low of $0.70 and a twelve month high of $1.65. The business has a 50-day moving average price of $1.00 and a 200-day moving average price of $1.11. The firm has a market capitalization of $194.12 million, a price-to-earnings ratio of 15.50 and a beta of 1.02.

WM Technology (NASDAQ:MAPS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $44.85 million for the quarter, compared to the consensus estimate of $45.00 million. WM Technology had a return on equity of 7.20% and a net margin of 4.77%. WM Technology has set its Q3 2025 guidance at EPS.

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.