Weave Communications, Inc. (NYSE:WEAV) Insider Branden Neish Sells 20,741 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 20,741 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $15.86, for a total value of $328,952.26. Following the completion of the sale, the insider now directly owns 491,381 shares in the company, valued at approximately $7,793,302.66. This represents a 4.05 % 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, December 16th, Branden Neish sold 7,111 shares of Weave Communications stock. The stock was sold at an average price of $15.95, for a total value of $113,420.45.

Weave Communications Trading Up 3.3 %

NYSE WEAV opened at $16.34 on Wednesday. The stock has a 50-day simple moving average of $15.32 and a 200 day simple moving average of $13.04. The company has a market capitalization of $1.19 billion, a PE ratio of -40.84 and a beta of 1.92. The company has a current ratio of 1.59, a quick 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 $16.56.

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

Institutional Investors Weigh In On Weave Communications

Several large investors have recently modified their holdings of WEAV. AQR Capital Management LLC increased its holdings in shares of Weave Communications by 3.8% in the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock worth $620,000 after acquiring an additional 2,516 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Weave Communications in the second quarter worth about $134,000. The Manufacturers Life Insurance Company increased its holdings in shares of Weave Communications by 26.3% in the second quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company’s stock worth $144,000 after acquiring an additional 3,315 shares in the last quarter. Algert Global LLC increased its holdings in shares of Weave Communications by 2.6% in the second quarter. Algert Global LLC now owns 181,768 shares of the company’s stock worth $1,640,000 after acquiring an additional 4,659 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Weave Communications by 5.4% in the second quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock worth $158,000 after acquiring an additional 896 shares in the last quarter. 86.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WEAV. Piper Sandler upped their price target on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Loop Capital upped their price target on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price target on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $16.50.

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.