Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 31,262 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 31,262 shares of Weave Communications stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total transaction of $348,883.92. Following the sale, the chief financial officer now owns 247,484 shares of the company’s stock, valued at approximately $2,761,921.44. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Alan Taylor also recently made the following trade(s):

• On Thursday, February 13th, Alan Taylor sold 789 shares of Weave Communications stock. The shares were sold at an average price of $17.01, for a total transaction of $13,420.89.
• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The shares were sold at an average price of $15.33, for a total transaction of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46.

Weave Communications Trading Up 0.1 %

Shares of WEAV opened at $11.63 on Friday. The firm has a market cap of $859.09 million, a price-to-earnings ratio of -29.81 and a beta of 1.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The firm has a 50 day moving average price of $14.67 and a 200-day moving average price of $13.97.

Weave Communications (NYSE:WEAV) last issued 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 firm had revenue of $54.17 million during the quarter, compared to analysts’ expectations of $53.23 million. As a group, equities research analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Weave Communications by 5.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company’s stock valued at $174,000 after purchasing an additional 597 shares during the period. MetLife Investment Management LLC boosted its stake in Weave Communications by 2.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,387 shares of the company’s stock worth $388,000 after purchasing an additional 620 shares in the last quarter. US Bancorp DE boosted its stake in Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after purchasing an additional 703 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock worth $66,000 after purchasing an additional 928 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Weave Communications by 0.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock worth $2,383,000 after purchasing an additional 937 shares in the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.

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.