Weave Communications, Inc. (NYSE:WEAV) CEO Brett T. White Sells 109,722 Shares

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) CEO Brett T. White sold 109,722 shares of Weave Communications stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.26, for a total value of $1,235,469.72. Following the transaction, the chief executive officer now owns 1,790,435 shares in the company, valued at approximately $20,160,298.10. The trade was a 5.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Weave Communications Trading Up 0.7 %

WEAV traded up $0.08 during trading hours on Friday, reaching $11.72. The company's stock had a trading volume of 1,023,564 shares, compared to its average volume of 656,878. The stock has a market cap of $865.81 million, a PE ratio of -30.04 and a beta of 1.96. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. 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 business's 50-day moving average is $14.60 and its 200-day moving average is $14.00.

Weave Communications (NYSE:WEAV - Get Free Report) 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 business had revenue of $54.17 million during the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WEAV. Principal Financial Group Inc. lifted its holdings in shares of Weave Communications by 139.0% in the 3rd quarter. Principal Financial Group Inc. now owns 89,768 shares of the company's stock worth $1,149,000 after acquiring an additional 52,210 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Weave Communications in the third quarter valued at approximately $291,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Weave Communications by 20.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 347,302 shares of the company's stock worth $4,445,000 after purchasing an additional 58,359 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Weave Communications by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company's stock worth $5,569,000 after buying an additional 45,475 shares during the period. Finally, Algert Global LLC grew its stake in shares of Weave Communications by 36.2% in the third quarter. Algert Global LLC now owns 247,558 shares of the company's stock valued at $3,169,000 after buying an additional 65,790 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company's stock.

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.