Have WM Technology Insiders Been Selling Stock?

We note that the WM Technology, Inc. (NASDAQ:MAPS) Chief Marketing Officer, Randa McMinn, recently sold US$59k worth of stock for US$1.10 per share. It might not be a huge sale, but it did reduce their holding size 13%, hardly encouraging.

Check out our latest analysis for WM Technology

WM Technology Insider Transactions Over The Last Year

The insider, Christopher Beals, made the biggest insider sale in the last 12 months. That single transaction was for US$121k worth of shares at a price of US$2.65 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$1.09. So it may not tell us anything about how insiders feel about the current share price.

Insiders in WM Technology didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Does WM Technology Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Our data indicates that WM Technology insiders own about US$8.6m worth of shares (which is 4.8% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The WM Technology Insider Transactions Indicate?

Insiders sold WM Technology shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for WM Technology you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.