Weave Communications, Inc. (NYSE:WEAV) CEO Brett T. White Sells 109,722 Shares

Weave Communications, Inc. (NYSE:WEAV) CEO Brett T. White sold 109,722 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the completion of the sale, the chief executive officer now owns 1,790,435 shares of the company’s stock, valued at approximately $20,160,298.10. This represents a 5.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weave Communications Trading Up 4.0 %

Shares of Weave Communications stock opened at $11.58 on Thursday. The firm has a market cap of $842.76 million, a PE ratio of -29.69 and a beta of 1.96. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $17.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a fifty day moving average price of $14.76 and a 200-day moving average price of $13.99.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The company had revenue of $54.17 million for the quarter, compared to analysts’ expectations of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS 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 report on Friday, February 21st.

Institutional Investors Weigh In On Weave Communications

Hedge funds have recently modified their holdings of the stock. Arcadia Wealth Management Inc. bought a new stake in shares of Weave Communications in the fourth quarter valued at approximately $215,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Weave Communications by 37.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,947 shares of the company’s stock valued at $1,321,000 after buying an additional 22,448 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Weave Communications in the fourth quarter worth $10,186,000. Squarepoint Ops LLC boosted its stake in Weave Communications by 28.6% during the fourth quarter. Squarepoint Ops LLC now owns 134,047 shares of the company’s stock valued at $2,134,000 after buying an additional 29,806 shares during the period. Finally, Two Sigma Advisers LP grew its position in Weave Communications by 127.9% during the fourth quarter. Two Sigma Advisers LP now owns 596,300 shares of the company’s stock worth $9,493,000 after buying an additional 334,700 shares in the last quarter. Institutional investors own 86.83% of the company’s stock.

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.