WM Technology, Inc. (NASDAQ:MAPS – Get Free Report) CTO Duncan Grazier sold 35,967 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $0.88, for a total transaction of $31,650.96. Following the completion of the sale, the chief technology officer now owns 769,308 shares in the company, valued at approximately $676,991.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
WM Technology Stock Up 7.9 %
WM Technology stock opened at $0.85 on Tuesday. The company’s 50-day moving average price is $1.21 and its 200-day moving average price is $1.09. WM Technology, Inc. has a twelve month low of $0.60 and a twelve month high of $1.88. The company has a market cap of $127.28 million, a PE ratio of -0.69 and a beta of 0.92.
Analysts Set New Price Targets
Separately, Westpark Capital upgraded shares of WM Technology from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th.
Institutional Trading of WM Technology
A number of large investors have recently made changes to their positions in MAPS. Wolverine Trading LLC grew its holdings in WM Technology by 240.1% during the 3rd quarter. Wolverine Trading LLC now owns 34,288 shares of the company’s stock valued at $45,000 after purchasing an additional 24,206 shares during the last quarter. Stifel Financial Corp bought a new position in WM Technology during the 3rd quarter valued at about $29,000. Citigroup Inc. bought a new position in WM Technology during the 3rd quarter valued at about $190,000. Commonwealth Equity Services LLC bought a new position in WM Technology during the 3rd quarter valued at about $78,000. Finally, XTX Topco Ltd bought a new position in WM Technology during the 2nd quarter valued at about $25,000. 27.46% of the stock is currently owned by institutional investors.
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.
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