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

Weave Communications, Inc. (NYSE:WEAV) COO Marcus Bertilson sold 27,599 shares of Weave Communications stock in a transaction 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 transaction, the chief operating officer now owns 248,502 shares in the company, valued at approximately $2,815,527.66. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Weave Communications Trading Up 0.7 %

WEAV traded up $0.08 during trading on Friday, reaching $11.72. 1,023,564 shares of the stock traded hands, compared to its average volume of 654,523. The stock has a market capitalization of $865.81 million, a PE ratio of -30.04 and a beta of 1.96. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $14.67 and its 200 day moving average is $13.97. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $17.63.

Weave Communications (NYSE:WEAV) last released its 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 business had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.23 million. Equities analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WEAV. Aquatic Capital Management LLC acquired a new position in shares of Weave Communications during the fourth quarter valued at about $34,000. Quarry LP bought a new stake in Weave Communications in the 3rd quarter valued at about $45,000. Summit Investment Advisors Inc. raised 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 worth $66,000 after buying an additional 928 shares during the period. Amundi bought a new position in Weave Communications in the fourth quarter worth approximately $66,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Weave Communications in the 4th quarter valued at $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.