WM Technology, Inc. (NASDAQ:MAPS) Stock Holdings Increased by Two Sigma Investments LP

Two Sigma Investments LP boosted its holdings in WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 436.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 615,959 shares of the company's stock after acquiring an additional 501,058 shares during the period. Two Sigma Investments LP owned 0.40% of WM Technology worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MAPS. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 worth $54,000 after purchasing an additional 11,573 shares during the last quarter. SG Americas Securities LLC lifted its position in WM Technology by 40.6% during the fourth quarter. SG Americas Securities LLC now owns 40,305 shares of the company's stock worth $56,000 after buying an additional 11,633 shares during the period. Wells Fargo & Company MN lifted its position in WM Technology by 52.0% during 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 lifted its position in WM Technology by 12.4% during 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. Finally, Northern Trust Corp lifted its position in WM Technology by 2.4% during the fourth quarter. Northern Trust Corp now owns 719,573 shares of the company's stock worth $993,000 after buying an additional 16,737 shares during the period. 22.02% of the stock is owned by institutional investors and hedge funds.

WM Technology Stock Performance

Shares of MAPS remained flat at $1.11 during mid-day trading on Monday. 681,340 shares of the company traded hands, compared to its average volume of 863,609. The business has a fifty day moving average of $1.09 and a 200-day moving average of $1.25. WM Technology, Inc. has a twelve month low of $0.70 and a twelve month high of $1.65. The company has a market cap of $171.33 million, a PE ratio of -36.99 and a beta of 1.06.

WM Technology (NASDAQ:MAPS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) 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 business had revenue of $44.61 million for the quarter, compared to analysts' expectations of $43.00 million.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MAPS shares. Westpark Capital reissued a "buy" rating and issued a $2.61 target price on shares of WM Technology in a research 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.

Insider Activity at WM Technology

In other news, CEO Douglas Francis sold 155,897 shares of the business's stock in a transaction on 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 now directly owns 8,886,513 shares of the company's stock, valued at approximately $9,864,029.43. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Brian Camire sold 373,523 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $1.09, for a total transaction of $407,140.07. Following 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. 23.64% of the stock is currently owned by insiders.

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.