Brett T. White Sells 109,722 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CEO Brett T. White sold 109,722 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the transaction, the chief executive officer now directly owns 1,790,435 shares in the company, valued at $20,160,298.10. The trade was a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weave Communications Stock Up 0.1 %

Weave Communications stock opened at $11.63 on Friday. The firm has a 50 day moving average price of $14.67 and a 200-day moving average price of $13.97. 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, Inc. has a twelve month low of $8.10 and a twelve month high of $17.63. The company has a market capitalization of $859.09 million, a P/E ratio of -29.81 and a beta of 1.96.

Weave Communications (NYSE:WEAV) 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). 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 during the quarter, compared to analysts’ expectations of $53.23 million. As a group, equities analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

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 report on Friday, February 21st.

Institutional Investors Weigh In On Weave Communications

Institutional investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new stake in shares of Weave Communications in the fourth quarter valued at approximately $34,000. Quarry LP purchased a new stake in shares of Weave Communications during the third quarter worth $45,000. Amundi bought a new position in shares of Weave Communications in the fourth quarter worth $66,000. Summit Investment Advisors Inc. grew its position in shares of Weave Communications by 28.9% in the fourth 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Weave Communications during the 4th quarter valued at $131,000. 86.83% of the stock is 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.