Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 789 Shares

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) CFO Alan Taylor sold 789 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $17.01, for a total value of $13,420.89. Following the transaction, the chief financial officer now directly owns 281,137 shares in the company, valued at approximately $4,782,140.37. This represents a 0.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The shares were sold at an average price of $15.33, for a total value of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total value of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The shares were sold at an average price of $16.15, for a total value of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total value of $707,035.10.

Weave Communications Stock Performance

Shares of WEAV stock traded down $2.64 during mid-day trading on Friday, reaching $14.26. The stock had a trading volume of 7,749,624 shares, compared to its average volume of 1,003,561. The firm's 50 day simple moving average is $16.25 and its 200 day simple moving average is $13.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The firm has a market cap of $1.04 billion, a PE ratio of -35.64 and a beta of 1.91.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its 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 company had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.01% and a negative net margin of 14.64%. On average, analysts forecast that Weave Communications, Inc. will post -0.38 EPS for the current year.

Hedge Funds Weigh In On Weave Communications

Several hedge funds and other institutional investors have recently modified their holdings of WEAV. Wasatch Advisors LP lifted its position in shares of Weave Communications by 38.4% during the 4th quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock worth $82,874,000 after buying an additional 1,444,828 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Weave Communications by 202.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company's stock valued at $26,280,000 after purchasing an additional 1,105,728 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Weave Communications during the 4th quarter valued at $14,984,000. Voya Investment Management LLC increased its holdings in Weave Communications by 509.2% during the 4th quarter. Voya Investment Management LLC now owns 1,099,255 shares of the company's stock valued at $17,500,000 after purchasing an additional 918,804 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Weave Communications by 23.5% during the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock valued at $72,220,000 after purchasing an additional 863,547 shares in the last quarter. Institutional investors own 86.83% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on WEAV shares. Raymond James restated a "strong-buy" rating and set a $20.00 target price (up previously from $17.00) on shares of Weave Communications in a research note on Friday. Piper Sandler increased their target price 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 increased their target price 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 raised their price objective on Weave Communications from $13.00 to $14.50 and gave the stock a "neutral" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $17.50.

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.