BM Technologies, Inc. (NYSE:BMTX) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lessened its holdings in BM Technologies, Inc. (NYSE:BMTX) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,024 shares of the company’s stock after selling 4,396 shares during the quarter. Essex Investment Management Co. LLC owned approximately 0.31% of BM Technologies worth $186,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BMTX. FNY Investment Advisers LLC bought a new position in shares of BM Technologies in the 4th quarter worth about $611,000. Geode Capital Management LLC lifted its holdings in BM Technologies by 4.4% in the third quarter. Geode Capital Management LLC now owns 96,667 shares of the company’s stock worth $329,000 after acquiring an additional 4,031 shares during the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in BM Technologies in the fourth quarter worth about $79,000. Institutional investors own 20.15% of the company’s stock.

BM Technologies Stock Performance

NYSE:BMTX opened at $5.00 on Monday. The stock has a 50 day moving average of $4.97 and a 200-day moving average of $4.33. The firm has a market capitalization of $60.50 million, a PE ratio of -4.50 and a beta of 0.17. BM Technologies, Inc. has a 52 week low of $1.45 and a 52 week high of $5.16.

BM Technologies Company Profile

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.