Joseph David Mcneil Sells 51,638 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CRO Joseph David Mcneil sold 51,638 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total transaction of $576,280.08. Following the sale, the executive now directly owns 298,362 shares in the company, valued at approximately $3,329,719.92. This trade represents a 14.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Weave Communications Trading Up 0.7 %

NYSE WEAV opened at $11.72 on Friday. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $865.81 million, a PE ratio of -30.04 and a beta of 1.96. The firm’s fifty day simple moving average is $14.60 and its 200-day simple moving average is $14.00.

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

Hedge Funds Weigh In On Weave Communications

Several hedge funds have recently bought and sold shares of the business. Arcadia Wealth Management Inc. acquired a new position in Weave Communications during the fourth quarter worth $215,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Weave Communications by 37.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,947 shares of the company’s stock worth $1,321,000 after buying an additional 22,448 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Weave Communications during the fourth quarter worth $10,186,000. Squarepoint Ops LLC increased its position in Weave Communications by 28.6% during the fourth quarter. Squarepoint Ops LLC now owns 134,047 shares of the company’s stock worth $2,134,000 after buying an additional 29,806 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Weave Communications by 127.9% during the fourth quarter. Two Sigma Advisers LP now owns 596,300 shares of the company’s stock valued at $9,493,000 after acquiring an additional 334,700 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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