5 Most Undervalued Cloud Stocks Under $10 According To Hedge Funds

4. WM Technology, Inc. (NASDAQ:MAPS)

Number of Hedge Funds: 15

WM Technology, Inc. (NASDAQ:MAPS) is known for its e-commerce platform and services for the cannabis industry. WM Technology, Inc. (NASDAQ:MAPS) is also known as a cloud-based software as a service (SaaS) and data solutions company especially focused on the weed industry.

In 2021, WM Technology, Inc. (NASDAQ:MAPS) acquired Sprout, a leading, cloud-based CRM & marketing platform for the cannabis industry.

As of the end of the third quarter of 2022, 15 hedge funds out of the 920 funds tracked by Insider Monkey reported owning shares in WM Technology, Inc. (NASDAQ:MAPS). The net worth of these shares was about $27 million. The most significant stakeholder of WM Technology, Inc. (NASDAQ:MAPS) during this period was Richard Mashaal’s Rima Senvest Management which owns a stake worth about $12 million in the company.