Insider Selling: Weave Communications, Inc. (NYSE:WEAV) COO Sells 27,599 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) COO Marcus Bertilson sold 27,599 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total transaction of $312,696.67. Following the completion of the sale, the chief operating officer now directly owns 248,502 shares in the company, valued at approximately $2,815,527.66. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Weave Communications Price Performance

Shares of WEAV traded down $0.05 during trading hours on Tuesday, hitting $11.96. 403,135 shares of the stock were exchanged, compared to its average volume of 656,128. The stock's 50-day moving average price is $14.53 and its two-hundred day moving average price is $14.03. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $883.84 million, a price-to-earnings ratio of -30.67 and a beta of 1.96.

Weave Communications (NYSE:WEAV - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.12). The business 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%. Research analysts expect that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Weave Communications

A number of large investors have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its stake in Weave Communications by 38.4% during the fourth 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 last quarter. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 863,547 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Weave Communications by 202.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company's stock worth $26,280,000 after purchasing an additional 1,105,728 shares during the period. Pathway Capital Management LP boosted its holdings in Weave Communications by 136.3% in the 4th quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company's stock valued at $21,482,000 after purchasing an additional 778,413 shares during the last quarter. Finally, AXA S.A. grew its position in Weave Communications by 0.7% in the fourth quarter. AXA S.A. now owns 1,294,281 shares of the company's stock worth $20,605,000 after acquiring an additional 9,365 shares during the period. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

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.