Penserra Capital Management LLC Has $1.02 Million Stake in WM Technology, Inc. (NASDAQ:MAPS)

Penserra Capital Management LLC reduced its stake in WM Technology, Inc. (NASDAQ:MAPS) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,176,741 shares of the company’s stock after selling 84,717 shares during the period. Penserra Capital Management LLC owned about 0.77% of WM Technology worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAPS. Virtu Financial LLC acquired a new stake in shares of WM Technology during the 1st quarter valued at $28,000. Vanguard Group Inc. raised its position in WM Technology by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,452,355 shares of the company’s stock valued at $5,922,000 after purchasing an additional 24,588 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of WM Technology during the third quarter valued at about $25,000. Quadrature Capital Ltd bought a new stake in shares of WM Technology during the first quarter worth about $53,000. 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 valued at $372,000 after buying an additional 61,265 shares during the period. 22.02% of the stock is owned by institutional investors.

Insider Buying and Selling at WM Technology

In related news, General Counsel Brian Camire sold 27,848 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $1.02, for a total value of $28,404.96. Following the transaction, the general counsel now owns 629,158 shares in the company, valued at $641,741.16. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.23% of the company’s stock.

WM Technology Stock Performance

Shares of NASDAQ:MAPS opened at $1.28 on Wednesday. The firm has a market cap of $195.66 million, a PE ratio of -42.65 and a beta of 0.77. WM Technology, Inc. has a 52 week low of $0.70 and a 52 week high of $1.47. The firm’s fifty day moving average is $0.90 and its 200-day moving average is $0.97.

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

Analyst Ratings Changes

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

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.