Weave Communications, Inc. (NYSE:WEAV) CRO Joseph David Mcneil Sells 51,638 Shares

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) CRO Joseph David Mcneil sold 51,638 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $11.16, for a total value of $576,280.08. Following the completion of the transaction, the executive now directly owns 298,362 shares of the company's stock, valued at approximately $3,329,719.92. This trade represents a 14.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Weave Communications Trading Up 2.8 %

Shares of WEAV stock traded up $0.32 during mid-day trading on Monday, hitting $12.02. 485,880 shares of the company's stock were exchanged, compared to its average volume of 656,192. The stock has a market cap of $888.43 million, a price-to-earnings ratio of -30.83 and a beta of 1.96. The stock has a 50-day simple moving average of $14.60 and a two-hundred day simple moving average of $14.02. 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 quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Weave Communications (NYSE:WEAV - Get Free Report) last posted 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 analysts' expectations of $53.23 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. Equities analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

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Hedge Funds Weigh In On Weave Communications

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position 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 buying an additional 52,210 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Weave Communications in the 3rd quarter worth about $291,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 purchasing an additional 58,359 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 45,475 shares in the last quarter. Finally, Algert Global LLC lifted its position in Weave Communications by 36.2% during 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.

Analyst Ratings Changes

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

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.