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

Weave Communications, Inc. (NYSE:WEAV) 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 directly owns 460,908 shares of the company’s stock, valued at approximately $5,222,087.64. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 stock was sold at an average price of $15.86, for a total value of $328,952.26.

Weave Communications Stock Performance

Shares of Weave Communications stock opened at $11.72 on Friday. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The firm has a market capitalization of $865.81 million, a price-to-earnings ratio of -30.04 and a beta of 1.96. The business has a 50-day simple moving average of $14.60 and a 200 day simple moving average of $14.00. 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) last issued its earnings results on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. On average, research analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Raymond James reissued a “strong-buy” rating and issued a $20.00 price objective (up from $17.00) on shares of Weave Communications in a research report on Friday, February 21st.

Institutional Trading of Weave Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new stake in Weave Communications in the 4th quarter valued at about $34,000. Quarry LP acquired a new position in Weave Communications during the 3rd quarter valued at about $45,000. Summit Investment Advisors Inc. boosted its stake in Weave Communications by 28.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after purchasing an additional 928 shares during the last quarter. Amundi acquired a new position in Weave Communications during the 4th quarter valued at about $66,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Weave Communications during the 4th quarter valued at about $131,000. 86.83% of the stock is owned by 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.