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 the 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 transaction, the insider now directly owns 460,908 shares in the company, valued at approximately $5,222,087.64. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 transaction of $328,952.26.

Weave Communications Stock Down 0.4 %

Shares of WEAV stock traded down $0.05 during trading hours on Tuesday, reaching $11.96. 403,135 shares of the stock were exchanged, compared to its average volume of 656,128. The business's fifty day moving average is $14.53 and its two-hundred day moving average is $14.03. The firm has a market capitalization of $883.84 million, a P/E ratio of -30.67 and a beta of 1.96. 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 current ratio of 1.59 and a quick ratio of 1.59.

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). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The firm had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.23 million. As a group, research analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. 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. grew its position in shares of Weave Communications by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company's stock valued at $5,569,000 after buying an additional 45,475 shares during the last quarter. Finally, Algert Global LLC raised its stake in Weave Communications by 36.2% during the 3rd quarter. Algert Global LLC now owns 247,558 shares of the company's stock worth $3,169,000 after acquiring an additional 65,790 shares in the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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