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

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) CEO Brett T. White sold 54,778 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $15.86, for a total transaction of $868,779.08. Following the completion of the transaction, the chief executive officer now directly owns 1,928,364 shares in the company, valued at $30,583,853.04. The trade was a 2.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Weave Communications Stock Performance

WEAV stock traded up $0.53 during mid-day trading on Tuesday, reaching $16.34. The company had a trading volume of 598,409 shares, compared to its average volume of 701,465. The stock's 50-day simple moving average is $15.27 and its two-hundred day simple moving average is $12.99. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.19 billion, a P/E ratio of -40.84 and a beta of 1.92. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $16.56.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WEAV shares. Piper Sandler increased their price objective 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 raised their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price target on Weave Communications from $13.00 to $14.50 and gave the stock a "neutral" rating in a report on Friday, November 1st. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $16.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in Weave Communications by 161.9% during the 3rd quarter. FMR LLC now owns 97,991 shares of the company's stock valued at $1,254,000 after purchasing an additional 60,574 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Weave Communications by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company's stock valued at $5,569,000 after buying an additional 45,475 shares during the last quarter. XTX Topco Ltd lifted its position in Weave Communications by 429.2% during the 3rd quarter. XTX Topco Ltd now owns 56,016 shares of the company's stock worth $717,000 after buying an additional 45,430 shares in the last quarter. Pathway Capital Management LP acquired a new position in Weave Communications during the 3rd quarter worth about $7,308,000. Finally, Summit Global Investments bought a new stake in Weave Communications during the 3rd quarter worth about $460,000. 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.

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