Trade Alert: The CEO & Director Of WM Technology, Inc. (NASDAQ:MAPS), Christopher Beals, Has Sold Some Shares Recently

Anyone interested in WM Technology, Inc. (NASDAQ:MAPS) should probably be aware that the CEO & Director, Christopher Beals, recently divested US$121k worth of shares in the company, at an average price of US$2.65 each. That sale was 25% of their holding, so it does make us raise an eyebrow.

Before we look at these insider transactions though, you might like to know that our analysis indicates that MAPS is potentially undervalued!

The Last 12 Months Of Insider Transactions At WM Technology

Notably, that recent sale by Christopher Beals is the biggest insider sale of WM Technology shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$2.69. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 25% of Christopher Beals's stake.

WM Technology insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of WM Technology

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that WM Technology insiders own 5.1% of the company, worth about US$23m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About WM Technology Insiders?

Insiders haven't bought WM Technology stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. On the plus side, WM Technology makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing WM Technology. Case in point: We've spotted 3 warning signs for WM Technology you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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