Segall Bryant & Hamill LLC Makes New $3.06 Million Investment in WM Technology, Inc. (NASDAQ:MAPS)

Segall Bryant & Hamill LLC bought a new stake in WM Technology, Inc. (NASDAQ:MAPS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,704,341 shares of the company's stock, valued at approximately $3,056,000. Segall Bryant & Hamill LLC owned 1.75% of WM Technology at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in WM Technology by 42.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,765 shares of the company's stock valued at $54,000 after purchasing an additional 11,573 shares during the period. Wells Fargo & Company MN boosted its position in shares of WM Technology by 52.0% in the fourth quarter. Wells Fargo & Company MN now owns 41,053 shares of the company's stock worth $57,000 after buying an additional 14,043 shares during the period. Barclays PLC boosted its position in shares of WM Technology by 12.4% in the fourth quarter. Barclays PLC now owns 136,584 shares of the company's stock worth $188,000 after buying an additional 15,074 shares during the period. Northern Trust Corp boosted its position in WM Technology by 2.4% during the 4th quarter. Northern Trust Corp now owns 719,573 shares of the company's stock worth $993,000 after acquiring an additional 16,737 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of WM Technology in the 4th quarter valued at about $28,000. 22.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Douglas Francis sold 155,897 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $1.11, for a total transaction of $173,045.67. Following the transaction, the chief executive officer owned 8,886,513 shares in the company, valued at approximately $9,864,029.43. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Glen Ibbott sold 50,505 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total transaction of $45,959.55. Following the completion of the sale, the director owned 117,845 shares in the company, valued at $107,238.95. This represents a 30.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 799,267 shares of company stock valued at $825,747 over the last quarter. 23.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on MAPS shares. Wall Street Zen upgraded WM Technology from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Westpark Capital reiterated a "buy" rating and issued a $2.61 price objective on shares of WM Technology in a research note on Friday, May 9th.

WM Technology Trading Up 3.7%

Shares of NASDAQ MAPS traded up $0.04 during mid-day trading on Tuesday, hitting $0.99. The company had a trading volume of 587,705 shares, compared to its average volume of 853,103. The firm has a 50-day simple moving average of $1.02 and a two-hundred day simple moving average of $1.17. The company has a market capitalization of $153.28 million, a PE ratio of 12.42 and a beta of 1.01. WM Technology, Inc. has a one year low of $0.70 and a one year high of $1.65.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. WM Technology had a net margin of 4.36% and a return on equity of 6.88%. The business had revenue of $44.61 million during the quarter, compared to the consensus estimate of $43.00 million.

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.