Marcus Bertilson Sells 27,599 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) COO Marcus Bertilson sold 27,599 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $312,696.67. Following the sale, the chief operating officer now directly owns 248,502 shares of the company’s stock, valued at approximately $2,815,527.66. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Weave Communications Price Performance

WEAV 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 company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The company’s 50 day simple moving average is $14.60 and its 200-day simple moving average is $14.00. The stock has a market capitalization of $865.81 million, a P/E ratio of -30.04 and a beta of 1.96.

Weave Communications (NYSE:WEAV) last released 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 net margin of 13.87% and a negative return on equity of 28.37%. The company had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. Sell-side analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Trading of Weave Communications

Several hedge funds have recently modified their holdings of WEAV. Aquatic Capital Management LLC bought a new stake in shares of Weave Communications during the fourth quarter valued at approximately $34,000. Quarry LP bought a new stake in shares of Weave Communications during the third quarter valued at approximately $45,000. Amundi bought a new position in Weave Communications in the fourth quarter valued at approximately $66,000. Summit Investment Advisors Inc. boosted its stake in 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 acquiring an additional 928 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Weave Communications in the fourth quarter valued at approximately $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 set a $20.00 price objective (up previously 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.