Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 789 Shares

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 789 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $17.01, for a total transaction of $13,420.89. Following the transaction, the chief financial officer now owns 281,137 shares in the company, valued at approximately $4,782,140.37. The trade was a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Alan Taylor also recently made the following trade(s):

• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The stock was sold at an average price of $15.33, for a total transaction of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The stock was sold at an average price of $16.03, for a total transaction of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The stock was sold at an average price of $16.15, for a total transaction of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The stock was sold at an average price of $15.98, for a total transaction of $707,035.10.

Weave Communications Stock Down 0.5 %

NYSE:WEAV opened at $16.95 on Friday. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The company’s 50-day simple moving average is $16.25 and its 200-day simple moving average is $13.81.

Weave Communications (NYSE:WEAV) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). Weave Communications had a negative net margin of 14.64% and a negative return on equity of 28.01%. On average, equities analysts forecast that Weave Communications, Inc. will post -0.38 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Loop Capital raised their price target on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $16.50.

Institutional Trading of Weave Communications

A number of institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Weave Communications by 5.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company’s stock worth $174,000 after purchasing an additional 597 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Weave Communications by 2.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,387 shares of the company’s stock worth $388,000 after purchasing an additional 620 shares in the last quarter. US Bancorp DE boosted its stake in Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after purchasing an additional 703 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock worth $66,000 after purchasing an additional 928 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Weave Communications by 0.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock worth $2,383,000 after purchasing an additional 937 shares in the last quarter. 86.83% of the stock is currently owned by institutional investors and hedge funds.

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.