Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 31,262 Shares

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 31,262 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $11.16, for a total transaction of $348,883.92. Following the transaction, the chief financial officer now owns 247,484 shares in the company, valued at approximately $2,761,921.44. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Alan Taylor also recently made the following trade(s):

• On Thursday, February 13th, Alan Taylor sold 789 shares of Weave Communications stock. The stock was sold at an average price of $17.01, for a total transaction of $13,420.89.
• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The shares were sold at an average price of $15.33, for a total transaction of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46.

Weave Communications Stock Performance

Shares of WEAV stock traded up $0.02 on Thursday, hitting $11.63. The company’s stock had a trading volume of 1,170,013 shares, compared to its average volume of 651,901. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50 day moving average is $14.76 and its 200-day moving average is $13.99. 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 market capitalization of $845.96 million, a PE ratio of -29.81 and a beta of 1.96.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Weave Communications

Institutional investors and hedge funds have recently bought and sold shares of the company. Aquatic Capital Management LLC bought 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 third quarter worth about $45,000. Summit Investment Advisors Inc. lifted its holdings in shares of Weave Communications by 28.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock worth $66,000 after acquiring an additional 928 shares during the last quarter. Amundi bought a new position in shares of Weave Communications in the fourth quarter worth about $66,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Weave Communications in the fourth quarter worth about $131,000. Institutional investors own 86.83% of the company’s stock.

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.