Weave Communications, Inc. (NYSE:WEAV) CEO Brett T. White Sells 54,778 Shares

Weave Communications, Inc. (NYSE:WEAV) CEO Brett T. White sold 54,778 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $15.86, for a total value of $868,779.08. Following the completion of the sale, the chief executive officer now directly owns 1,928,364 shares of the company’s stock, valued at approximately $30,583,853.04. This trade represents a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Weave Communications Stock Performance

NYSE:WEAV opened at $16.34 on Wednesday. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $16.56. The business has a fifty day simple moving average of $15.32 and a two-hundred day simple moving average of $13.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market capitalization of $1.19 billion, a P/E ratio of -40.84 and a beta of 1.92.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.08) EPS for the quarter. Weave Communications had a negative return on equity of 28.01% and a negative net margin of 14.64%. The company had revenue of $52.39 million during the quarter, compared to the consensus estimate of $51.47 million. During the same period in the previous year, the business earned ($0.10) earnings per share. On average, analysts expect that Weave Communications, Inc. will post -0.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Loop Capital increased their price target on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price target on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Piper Sandler increased their price target on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Weave Communications presently has a consensus rating of “Buy” and an average price target of $16.50.

Hedge Funds Weigh In On Weave Communications

A number of large investors have recently made changes to their positions in WEAV. Point72 Asset Management L.P. boosted its stake in Weave Communications by 5.4% during the second quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock valued at $158,000 after buying an additional 896 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Weave Communications by 0.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock valued at $2,383,000 after buying an additional 937 shares during the period. Truvestments Capital LLC boosted its stake in Weave Communications by 11.4% during the third quarter. Truvestments Capital LLC now owns 23,422 shares of the company’s stock valued at $300,000 after buying an additional 2,405 shares during the period. AQR Capital Management LLC boosted its stake in Weave Communications by 3.8% during the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock valued at $620,000 after buying an additional 2,516 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Weave Communications by 26.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company’s stock valued at $144,000 after buying an additional 3,315 shares during the period. 86.83% of the stock is owned by institutional investors.

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.