WM Technology, Inc. (NASDAQ:MAPS) Shares Purchased by Luxor Capital Group LP

Luxor Capital Group LP boosted its stake in shares of WM Technology, Inc. (NASDAQ:MAPS) by 42.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 305,192 shares of the company’s stock after buying an additional 90,950 shares during the period. Luxor Capital Group LP owned about 0.20% of WM Technology worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MAPS. SG Americas Securities LLC acquired a new stake in shares of WM Technology in the third quarter worth $25,000. Jacobs Levy Equity Management Inc. purchased a new stake in WM Technology in the 3rd quarter worth about $75,000. Clear Harbor Asset Management LLC acquired a new stake in WM Technology during the 2nd quarter worth about $79,000. Rhumbline Advisers purchased a new position in WM Technology during the 2nd quarter valued at about $106,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of WM Technology in the 2nd quarter valued at about $196,000. 22.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Brian Camire sold 27,848 shares of WM Technology 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 completion of the sale, the general counsel now owns 629,158 shares of the company’s stock, valued at approximately $641,741.16. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.23% of the stock is owned by corporate insiders.

WM Technology Price Performance

Shares of NASDAQ:MAPS opened at $1.40 on Monday. The firm has a fifty day moving average of $0.97 and a two-hundred day moving average of $0.99. WM Technology, Inc. has a 12-month low of $0.70 and a 12-month high of $1.49.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.03 earnings per share (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 during the quarter.

Analyst Upgrades and Downgrades

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

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.