Senvest Management LLC Sells 3,900,000 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Senvest Management LLC reduced its holdings in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 66.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,947,554 shares of the company's stock after selling 3,900,000 shares during the period. Senvest Management LLC owned about 1.30% of WM Technology worth $1,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. bought a new position in WM Technology during the third quarter valued at approximately $190,000. Commonwealth Equity Services LLC bought a new position in WM Technology during the third quarter valued at approximately $78,000. Wolverine Trading LLC grew its position in WM Technology by 240.1% during the third quarter. Wolverine Trading LLC now owns 34,288 shares of the company's stock valued at $45,000 after acquiring an additional 24,206 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of WM Technology by 51.9% in the first quarter. Deutsche Bank AG now owns 47,939 shares of the company's stock worth $41,000 after purchasing an additional 16,389 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of WM Technology in the fourth quarter worth approximately $38,000. 22.02% of the stock is currently owned by institutional investors.

WM Technology Stock Up 4.4 %

Shares of WM Technology stock traded up $0.05 on Friday, hitting $1.30. The stock had a trading volume of 471,579 shares, compared to its average volume of 669,341. WM Technology, Inc. has a one year low of $0.60 and a one year high of $1.88. The stock has a market cap of $193.43 million, a price-to-earnings ratio of -1.05 and a beta of 0.82. The stock's 50-day simple moving average is $0.99 and its two-hundred day simple moving average is $0.99.

WM Technology Company 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.