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

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) CFO Alan Taylor sold 31,262 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 247,484 shares in the company, valued at approximately $2,761,921.44. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value of $13,420.89.
• 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 transaction of $67,037.46.

Weave Communications Stock Up 2.8 %

Shares of Weave Communications stock traded up $0.32 on Monday, reaching $12.02. 485,880 shares of the company were exchanged, compared to its average volume of 656,192. The stock's 50 day moving average price is $14.60 and its 200-day moving average price is $14.02. The company has a market cap of $888.43 million, a P/E ratio of -30.83 and a beta of 1.96. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year 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.

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Weave Communications (NYSE:WEAV - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12). The firm had revenue of $54.17 million for the quarter, compared to analysts' expectations of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. As a group, equities analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

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.