Two Sigma Investments LP increased its position in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 436.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 615,959 shares of the company's stock after buying an additional 501,058 shares during the quarter. Two Sigma Investments LP owned 0.40% of WM Technology worth $850,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in shares of WM Technology by 4.3% during the 4th quarter. Tidal Investments LLC now owns 3,666,334 shares of the company's stock worth $5,060,000 after purchasing an additional 149,928 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in WM Technology in the fourth quarter worth $120,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in WM Technology by 144.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 655,470 shares of the company's stock worth $905,000 after buying an additional 387,014 shares in the last quarter. Lazard Asset Management LLC increased its holdings in WM Technology by 5,607.4% in the 4th quarter. Lazard Asset Management LLC now owns 67,462 shares of the company's stock valued at $93,000 after buying an additional 66,280 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in WM Technology in the 4th quarter valued at $28,000. 22.02% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have recently commented on MAPS. Westpark Capital reaffirmed a "buy" rating and set a $2.61 price objective on shares of WM Technology in a report on Friday, May 9th. Wall Street Zen raised shares of WM Technology from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd.
Check Out Our Latest Stock Analysis on MAPS
Insider Transactions at WM Technology
In related news, CEO Douglas Francis sold 155,897 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $1.11, for a total value of $173,045.67. Following the transaction, the chief executive officer now directly owns 8,886,513 shares in the company, valued at $9,864,029.43. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Brian Camire sold 373,523 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $1.09, for a total transaction of $407,140.07. Following the completion of the transaction, the general counsel now directly owns 2,024,323 shares in the company, valued at approximately $2,206,512.07. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.64% of the company's stock.
WM Technology Price Performance
Shares of MAPS traded up $0.02 during mid-day trading on Tuesday, reaching $1.13. The company had a trading volume of 306,078 shares, compared to its average volume of 860,813. The company has a market capitalization of $174.41 million, a P/E ratio of -37.65 and a beta of 1.06. WM Technology, Inc. has a twelve month low of $0.70 and a twelve month high of $1.65. The company's 50-day moving average is $1.09 and its 200-day moving average is $1.25.
WM Technology (NASDAQ:MAPS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The firm had revenue of $44.61 million for the quarter, compared to analysts' expectations of $43.00 million.
About WM Technology
(
Free Report)
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.
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