Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Insider Sells 25,510 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 25,510 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $289,028.30. Following the completion of the sale, the insider now directly owns 460,908 shares in the company, valued at approximately $5,222,087.64. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Branden Neish also recently made the following trade(s):

• On Monday, January 27th, Branden Neish sold 20,741 shares of Weave Communications stock. The shares were sold at an average price of $15.86, for a total value of $328,952.26.

Weave Communications Price Performance

Shares of Weave Communications stock traded up $0.08 during trading on Friday, reaching $11.72. The company’s stock had a trading volume of 1,023,564 shares, compared to its average volume of 654,523. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The stock has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $13.97. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $865.81 million, a P/E ratio of -30.04 and a beta of 1.96.

Weave Communications (NYSE:WEAV) last announced its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Weave Communications

Several hedge funds have recently added to or reduced their stakes in the company. Arcadia Wealth Management Inc. acquired a new stake in shares of Weave Communications during the 4th quarter worth approximately $215,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Weave Communications by 37.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,947 shares of the company’s stock valued at $1,321,000 after acquiring an additional 22,448 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Weave Communications in the 4th quarter valued at $10,186,000. Squarepoint Ops LLC boosted its position in shares of Weave Communications by 28.6% in the 4th quarter. Squarepoint Ops LLC now owns 134,047 shares of the company’s stock worth $2,134,000 after purchasing an additional 29,806 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Weave Communications by 127.9% in the 4th quarter. Two Sigma Advisers LP now owns 596,300 shares of the company’s stock worth $9,493,000 after purchasing an additional 334,700 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.

Analysts Set New Price Targets

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 report on Friday, February 21st.

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.