WM Technology, Inc. (NASDAQ:MAPS) Stake Increased by Barclays PLC

Barclays PLC grew its holdings in WM Technology, Inc. (NASDAQ:MAPS) by 37.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,510 shares of the company’s stock after purchasing an additional 33,153 shares during the period. Barclays PLC owned approximately 0.08% of WM Technology worth $106,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of WM Technology by 4.6% in the third quarter. State Street Corp now owns 989,704 shares of the company’s stock valued at $861,000 after purchasing an additional 43,343 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of WM Technology in the second quarter worth $106,000. Luxor Capital Group LP increased its stake in shares of WM Technology by 754.6% in the second quarter. Luxor Capital Group LP now owns 214,242 shares of the company’s stock worth $223,000 after acquiring an additional 189,174 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of WM Technology in the second quarter worth $196,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of WM Technology by 16.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company’s stock worth $372,000 after acquiring an additional 61,265 shares during the last quarter. Hedge funds and other institutional investors own 22.02% of the company’s stock.

WM Technology Trading Down 1.4 %

NASDAQ MAPS opened at $1.36 on Friday. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65. The company has a market capitalization of $207.89 million, a PE ratio of -45.32 and a beta of 0.87. The firm’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.08.

WM Technology (NASDAQ:MAPS) last posted its earnings results on Tuesday, November 12th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $46.55 million for the quarter. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

Analyst Ratings Changes

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $2.61 price target on shares of WM Technology in a research note on Wednesday, November 13th.

Insiders Place Their Bets

In other WM Technology news, General Counsel Brian Camire sold 27,848 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $1.02, for a total transaction of $28,404.96. Following the transaction, the general counsel now directly owns 629,158 shares of the company’s stock, valued at $641,741.16. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 23.23% of the company’s stock.

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.