Alpha Wave Global LP Sells 1,401,739 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Alpha Wave Global LP trimmed its holdings in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 80.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 338,583 shares of the company's stock after selling 1,401,739 shares during the period. WM Technology makes up approximately 0.2% of Alpha Wave Global LP's investment portfolio, making the stock its 20th largest holding. Alpha Wave Global LP owned 0.22% of WM Technology worth $467,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in WM Technology by 101.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company's stock valued at $3,535,000 after purchasing an additional 1,288,497 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of WM Technology during the fourth quarter valued at about $1,767,000. Tidal Investments LLC lifted its stake in shares of WM Technology by 31.1% in the third quarter. Tidal Investments LLC now owns 3,516,406 shares of the company's stock valued at $3,059,000 after buying an additional 834,551 shares during the period. Los Angeles Capital Management LLC bought a new position in WM Technology during the fourth quarter valued at about $438,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of WM Technology by 53.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 657,768 shares of the company's stock worth $908,000 after acquiring an additional 229,949 shares during the period. 22.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Westpark Capital restated a "buy" rating and issued a $2.61 target price on shares of WM Technology in a research note on Tuesday, March 11th.

WM Technology Price Performance

NASDAQ:MAPS remained flat at $1.04 during mid-day trading on Monday. 362,491 shares of the company traded hands, compared to its average volume of 867,715. The company has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $1.20. The firm has a market cap of $160.52 million, a P/E ratio of -34.66 and a beta of 1.08. WM Technology, Inc. has a 52-week low of $0.70 and a 52-week high of $1.65.

WM Technology (NASDAQ:MAPS - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%. The firm had revenue of $47.67 million for the quarter, compared to the consensus estimate of $46.00 million.

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.