On June 24, 2024, Director Fiona Tan of WM Technology Inc (NASDAQ:MAPS) executed a significant transaction by selling 113,672 shares, as documented in a recent SEC Filing. WM Technology Inc operates in the technology sector, specializing in providing software and data solutions for the cannabis industry. Following the transaction, Fiona Tan now owns 309,313 shares of the company.
This sale by Fiona Tan is part of a trend within WM Technology Inc, as there have been 21 insider sells and no insider buys over the past year. The shares were priced at $1.01 on the day of the transaction, valuing the company at a market cap of $96.949 million. According to the GF Value, the stock is currently modestly undervalued with a price-to-GF-Value ratio of 0.86, potentially indicating room for price appreciation.
The GF Value of $1.17 is based on historical trading multiples adjusted for expected business performance. The insider transaction trend at WM Technology Inc highlights a preference for selling over buying among insiders, which could be a key consideration for potential investors.
This recent insider activity at WM Technology Inc provides valuable insights for stakeholders and potential investors, offering information on insider confidence and stock valuation in current market conditions. It is important to note that this article, generated by GuruFocus, is not tailored financial advice and does not constitute a recommendation to buy or sell any stock. The analysis is based on historical data and analyst projections, aiming to provide long-term, fundamental data-driven analysis for investors.
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