Tidal Investments LLC Increases Stake in WM Technology, Inc. (NASDAQ:MAPS)

Tidal Investments LLC increased its position in WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 31.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,516,406 shares of the company's stock after buying an additional 834,551 shares during the period. Tidal Investments LLC owned 2.30% of WM Technology worth $3,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MAPS. Vanguard Group Inc. increased its holdings in WM Technology by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,452,355 shares of the company's stock worth $5,922,000 after buying an additional 24,588 shares during the last quarter. State Street Corp boosted its holdings in shares of WM Technology by 4.6% in the 3rd quarter. State Street Corp now owns 989,704 shares of the company's stock worth $861,000 after purchasing an additional 43,343 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of WM Technology by 16.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company's stock valued at $372,000 after purchasing an additional 61,265 shares during the last quarter. Luxor Capital Group LP grew its position in WM Technology by 42.5% during the 3rd quarter. Luxor Capital Group LP now owns 305,192 shares of the company's stock worth $266,000 after acquiring an additional 90,950 shares during the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of WM Technology in the second quarter valued at about $224,000. 22.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WM Technology

In other news, General Counsel Brian Camire sold 27,848 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $1.02, for a total value of $28,404.96. Following the completion of the sale, the general counsel now directly owns 629,158 shares of the company's stock, valued at $641,741.16. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.23% of the company's stock.

Analyst Upgrades and Downgrades

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

WM Technology Stock Down 8.1 %

MAPS stock traded down $0.11 on Friday, reaching $1.24. 1,466,444 shares of the company traded hands, compared to its average volume of 1,017,236. WM Technology, Inc. has a one year low of $0.70 and a one year high of $1.49. The firm has a fifty day simple moving average of $1.02 and a 200-day simple moving average of $1.00.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. The company had revenue of $46.55 million during the quarter. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

About WM Technology

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.