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

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 25,510 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $289,028.30. Following the sale, the insider now directly owns 460,908 shares of the company’s stock, valued at approximately $5,222,087.64. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Up 0.7 %

Shares of NYSE WEAV opened at $11.72 on Friday. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $17.63. The business has a 50-day simple moving average of $14.60 and a two-hundred day simple moving average of $13.98. 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 company has a market cap 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) earnings per share 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 business had revenue of $54.17 million during the quarter, compared to analysts’ expectations of $53.23 million. Research analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Weave Communications

Large investors have recently modified their holdings of the company. Aquatic Capital Management LLC purchased a new position in shares of Weave Communications during the 4th quarter valued at about $34,000. Quarry LP purchased a new position in shares of Weave Communications during the 3rd quarter valued at about $45,000. Amundi purchased a new position in shares of Weave Communications during the 4th quarter valued at about $66,000. Summit Investment Advisors Inc. raised its holdings in shares of 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 buying an additional 928 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Weave Communications during the 4th quarter valued at about $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.