Duncan Grazier Sells 35,967 Shares of WM Technology, Inc. (NASDAQ:MAPS) Stock

WM Technology, Inc. (NASDAQ:MAPS) CTO Duncan Grazier sold 35,967 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $0.88, for a total value of $31,650.96. Following the transaction, the chief technology officer now owns 769,308 shares of the company’s stock, valued at approximately $676,991.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

WM Technology Stock Performance

NASDAQ MAPS traded up $0.06 during trading on Monday, hitting $0.85. The stock had a trading volume of 543,696 shares, compared to its average volume of 487,779. The stock has a market capitalization of $127.28 million, a price-to-earnings ratio of -0.69 and a beta of 0.92. WM Technology, Inc. has a one year low of $0.60 and a one year high of $1.88. The stock has a 50 day simple moving average of $1.23 and a 200 day simple moving average of $1.09.

Wall Street Analyst Weigh In

Separately, Westpark Capital upgraded WM Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th.

Institutional Trading of WM Technology

Several institutional investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC lifted its stake in WM Technology by 240.1% in the third quarter. Wolverine Trading LLC now owns 34,288 shares of the company’s stock worth $45,000 after purchasing an additional 24,206 shares during the last quarter. Stifel Financial Corp bought a new stake in WM Technology in the third quarter worth about $29,000. Citigroup Inc. bought a new stake in WM Technology in the third quarter worth about $190,000. Commonwealth Equity Services LLC bought a new stake in WM Technology in the third quarter worth about $78,000. Finally, XTX Topco Ltd bought a new stake in WM Technology in the second quarter worth about $25,000. Institutional investors own 27.46% of the company’s stock.

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.