Weave Communications, Inc. (NYSE:WEAV) CRO Sells $576,280.08 in Stock

Weave Communications, Inc. (NYSE:WEAV) CRO Joseph David Mcneil sold 51,638 shares of the company’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 $576,280.08. Following the completion of the transaction, the executive now owns 298,362 shares of the company’s stock, valued at $3,329,719.92. This trade represents a 14.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Weave Communications Stock Up 0.1 %

Shares of NYSE:WEAV traded up $0.02 during midday trading on Thursday, reaching $11.63. The company’s stock had a trading volume of 1,170,013 shares, compared to its average volume of 651,901. The firm has a 50 day moving average of $14.76 and a 200-day moving average of $13.99. The firm has a market capitalization of $845.96 million, a P/E ratio of -29.81 and a beta of 1.96. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63.

Weave Communications (NYSE:WEAV) last released its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The business had revenue of $54.17 million during the quarter, compared to analysts’ expectations of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. On average, research analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Weave Communications

Several institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Weave Communications by 5.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company’s stock valued at $174,000 after purchasing an additional 597 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Weave Communications by 2.6% during the 4th quarter. MetLife Investment Management LLC now owns 24,387 shares of the company’s stock valued at $388,000 after acquiring an additional 620 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Weave Communications by 8.4% during the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock valued at $144,000 after acquiring an additional 703 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings 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. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Weave Communications by 0.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock valued at $2,383,000 after acquiring an additional 937 shares during the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.

Weave Communications Company Profile

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.