Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Insider Sells 20,741 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 20,741 shares of Weave Communications stock in a transaction on Monday, January 27th. The stock was sold at an average price of $15.86, for a total transaction of $328,952.26. Following the sale, the insider now owns 491,381 shares in the company, valued at $7,793,302.66. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Branden Neish also recently made the following trade(s):

• On Monday, December 16th, Branden Neish sold 7,111 shares of Weave Communications stock. The stock was sold at an average price of $15.95, for a total transaction of $113,420.45.

Weave Communications Trading Up 3.3 %

WEAV stock traded up $0.53 on Tuesday, hitting $16.34. 598,409 shares of the company were exchanged, compared to its average volume of 701,465. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -40.84 and a beta of 1.92. The business’s fifty day moving average is $15.27 and its two-hundred day moving average is $12.99. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $16.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

Weave Communications (NYSE:WEAV) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. Weave Communications had a negative return on equity of 28.01% and a negative net margin of 14.64%. The business had revenue of $52.39 million for the quarter, compared to analysts’ expectations of $51.47 million. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. As a group, research analysts forecast that Weave Communications, Inc. will post -0.38 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Weave Communications

Large investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in shares of Weave Communications in the third quarter valued at about $45,000. Quarry LP purchased a new position in Weave Communications in the 3rd quarter worth approximately $45,000. US Bancorp DE acquired a new stake in Weave Communications in the third quarter valued at approximately $107,000. Dark Forest Capital Management LP purchased a new stake in shares of Weave Communications during the second quarter valued at approximately $134,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Weave Communications by 26.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company’s stock worth $144,000 after purchasing an additional 3,315 shares in the last quarter. 86.83% of the stock is currently owned by institutional investors and hedge funds.

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.