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 cut its holdings in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 70.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,035 shares of the company's stock after selling 237,548 shares during the period. WM Technology makes up 0.1% of Alpha Wave Global LP's portfolio, making the stock its 22nd biggest position. Alpha Wave Global LP owned about 0.07% of WM Technology worth $114,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of WM Technology by 42.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,765 shares of the company's stock valued at $54,000 after buying an additional 11,573 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of WM Technology by 52.0% during the fourth quarter. Wells Fargo & Company MN now owns 41,053 shares of the company's stock valued at $57,000 after buying an additional 14,043 shares during the last quarter. Barclays PLC boosted its position in shares of WM Technology by 12.4% during the fourth quarter. Barclays PLC now owns 136,584 shares of the company's stock valued at $188,000 after buying an additional 15,074 shares during the last quarter. Northern Trust Corp boosted its position in shares of WM Technology by 2.4% during the fourth quarter. Northern Trust Corp now owns 719,573 shares of the company's stock valued at $993,000 after buying an additional 16,737 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of WM Technology during the fourth quarter valued at $28,000. 22.02% of the stock is owned by hedge funds and other institutional investors.

WM Technology Trading Up 2.5%

MAPS stock traded up $0.03 during trading on Thursday, reaching $1.21. The stock had a trading volume of 1,583,437 shares, compared to its average volume of 1,772,043. WM Technology, Inc. has a 52 week low of $0.70 and a 52 week high of $1.65. The stock's 50 day moving average is $1.00 and its two-hundred day moving average is $1.11. The firm has a market cap of $189.43 million, a PE ratio of 15.13 and a beta of 1.02.

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

Insider Transactions at WM Technology

In other news, Director Olga Gonzalez sold 62,501 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total value of $56,875.91. Following the transaction, the director owned 432,690 shares of the company's stock, valued at $393,747.90. This trade represents a 12.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brenda Freeman sold 62,501 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total value of $56,875.91. Following the completion of the transaction, the director directly owned 432,692 shares in the company, valued at $393,749.72. This trade represents a 12.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 517,303 shares of company stock valued at $533,515. Company insiders own 23.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Westpark Capital reaffirmed a "buy" rating and set a $2.61 price objective on shares of WM Technology in a research report on Monday, August 11th. Wall Street Zen downgraded WM Technology from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $2.61.

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.