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 firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total value of $289,028.30. Following the sale, the insider now owns 460,908 shares of the company’s stock, valued at $5,222,087.64. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $15.86, for a total transaction of $328,952.26.

Weave Communications Stock Performance

Shares of NYSE WEAV opened at $11.72 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The business’s 50-day moving average price is $14.60 and its two-hundred day moving average price is $14.02. The company 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 quarterly earnings results on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.12). The firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. Analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WEAV. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Weave Communications by 5.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company’s stock worth $174,000 after purchasing an additional 597 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Weave Communications by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 24,387 shares of the company’s stock worth $388,000 after buying an additional 620 shares during the last quarter. US Bancorp DE lifted its position in shares of Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after buying an additional 703 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake 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 worth $66,000 after acquiring an additional 928 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased 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. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James reaffirmed a “strong-buy” rating and set a $20.00 price objective (up from $17.00) on shares of Weave Communications in a research 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.