Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CEO Sells 109,722 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CEO Brett T. White sold 109,722 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the completion of the transaction, the chief executive officer now owns 1,790,435 shares in the company, valued at $20,160,298.10. This represents a 5.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weave Communications Stock Performance

NYSE WEAV traded up $0.44 during trading hours on Wednesday, hitting $11.58. The company had a trading volume of 1,615,107 shares, compared to its average volume of 649,280. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a market cap of $842.76 million, a P/E ratio of -29.69 and a beta of 1.96. The business has a fifty day simple moving average of $14.76 and a 200-day simple moving average of $13.99.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12). The company had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Equities analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

Separately, Raymond James reissued a “strong-buy” rating and set a $20.00 price target (up from $17.00) on shares of Weave Communications in a research report on Friday, February 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in Weave Communications during the fourth quarter worth about $34,000. Quarry LP bought a new position in shares of Weave Communications in the 3rd quarter valued at about $45,000. Summit Investment Advisors Inc. raised its position in shares of Weave Communications by 28.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after acquiring an additional 928 shares during the last quarter. Amundi bought a new stake in Weave Communications in the fourth quarter valued at about $66,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Weave Communications in the 4th quarter valued at approximately $131,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

About Weave Communications

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.