Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CEO Sells 109,722 Shares of Stock

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 shares were sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the transaction, the chief executive officer now directly owns 1,790,435 shares in the company, valued at approximately $20,160,298.10. The trade was a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Weave Communications Stock Up 2.8 %

WEAV traded up $0.32 during trading on Monday, hitting $12.02. The stock had a trading volume of 534,380 shares, compared to its average volume of 656,386. The stock has a 50 day simple moving average of $14.53 and a two-hundred day simple moving average of $14.03. The company has a market capitalization of $888.43 million, a PE ratio of -30.83 and a beta of 1.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $17.63.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its 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). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The business had revenue of $54.17 million for the quarter, compared to analysts' expectations of $53.23 million. On average, research analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

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Analyst Ratings Changes

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

Hedge Funds Weigh In On Weave Communications

Several hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Weave Communications by 5.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company's stock worth $174,000 after purchasing an additional 597 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Weave Communications by 2.6% during the fourth quarter. MetLife Investment Management LLC now owns 24,387 shares of the company's stock valued at $388,000 after buying an additional 620 shares during the last quarter. US Bancorp DE increased its position in shares of Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after acquiring an additional 703 shares during the period. Summit Investment Advisors Inc. raised its stake in Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after acquiring an additional 928 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Weave Communications by 0.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company's stock worth $2,383,000 after acquiring an additional 937 shares during the period. Institutional investors and hedge funds 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.