Weave Communications, Inc. (NYSE:WEAV) CFO Sells $348,883.92 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 31,262 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 $348,883.92. Following the transaction, the chief financial officer now owns 247,484 shares in the company, valued at approximately $2,761,921.44. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Alan Taylor also recently made the following trade(s):

• On Thursday, February 13th, Alan Taylor sold 789 shares of Weave Communications stock. The stock was sold at an average price of $17.01, for a total transaction of $13,420.89.
• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The stock was sold at an average price of $15.33, for a total transaction of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The stock was sold at an average price of $16.03, for a total transaction of $67,037.46.

Weave Communications Stock Performance

NYSE WEAV opened at $11.72 on Friday. The firm has a market cap of $865.81 million, a price-to-earnings ratio of -30.04 and a beta of 1.96. The company has a fifty day moving average price of $14.60 and a 200-day moving average price of $14.00. 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 1 year low of $8.10 and a 1 year high of $17.63.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12). The company had revenue of $54.17 million for 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%. As a group, equities research analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Weave Communications

Several institutional investors have recently added to or reduced their stakes in WEAV. Aquatic Capital Management LLC bought a new position in Weave Communications during the fourth quarter valued at about $34,000. Quarry LP bought a new position in Weave Communications during the third quarter worth about $45,000. Amundi bought a new position in Weave Communications during the fourth quarter worth about $66,000. Summit Investment Advisors Inc. boosted its position in Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock worth $66,000 after purchasing an additional 928 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Weave Communications during the fourth quarter worth about $131,000. Institutional investors own 86.83% of the company’s stock.

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.