Weave Communications, Inc. (NYSE:WEAV) Insider Branden Neish Sells 25,510 Shares

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) insider Branden Neish sold 25,510 shares of Weave Communications stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total value of $289,028.30. Following the completion of the transaction, the insider now owns 460,908 shares in the company, valued at approximately $5,222,087.64. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Branden Neish also recently made the following trade(s):

• On Monday, January 27th, Branden Neish sold 20,741 shares of Weave Communications stock. The shares were sold at an average price of $15.86, for a total value of $328,952.26.

Weave Communications Trading Up 2.8 %

Shares of WEAV stock traded up $0.32 during trading hours on Monday, reaching $12.02. The company's stock had a trading volume of 534,380 shares, compared to its average volume of 656,386. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The stock has a market capitalization of $888.43 million, a P/E ratio of -30.83 and a beta of 1.96. The firm's fifty day simple moving average is $14.53 and its 200 day simple moving average is $14.03.

Weave Communications (NYSE:WEAV - Get Free Report) last released its quarterly 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 net margin of 13.87% and a negative return on equity of 28.37%. The company had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Equities research analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current year.

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Hedge Funds Weigh In On Weave Communications

Institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC purchased a new position in Weave Communications during the fourth quarter valued at $34,000. Quarry LP bought a new position in shares of Weave Communications in the 3rd quarter worth about $45,000. Amundi purchased a new position in Weave Communications during the 4th quarter valued at about $66,000. Summit Investment Advisors Inc. boosted its stake in Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after acquiring an additional 928 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Weave Communications in the fourth quarter worth about $131,000. 86.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Raymond James reaffirmed a "strong-buy" rating and issued a $20.00 target price (up from $17.00) on shares of Weave Communications in a research note 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.