Weave Communications, Inc. (NYSE:WEAV) COO Sells $312,696.67 in Stock

Weave Communications, Inc. (NYSE:WEAV) COO Marcus Bertilson sold 27,599 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $312,696.67. Following the completion of the transaction, the chief operating officer now directly owns 248,502 shares in the company, valued at $2,815,527.66. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Weave Communications Stock Performance

Shares of Weave Communications stock opened at $11.72 on Monday. The stock’s fifty day simple moving average is $14.60 and its 200 day simple moving average is $14.02. 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. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $17.63.

Weave Communications (NYSE:WEAV) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.23 million. On average, research analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WEAV. Principal Financial Group Inc. raised its holdings in shares of Weave Communications by 139.0% during the third quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock worth $1,149,000 after acquiring an additional 52,210 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Weave Communications in the 3rd quarter valued at about $291,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Weave Communications by 20.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 347,302 shares of the company’s stock valued at $4,445,000 after purchasing an additional 58,359 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Weave Communications by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after buying an additional 45,475 shares during the period. Finally, Algert Global LLC grew its holdings in shares of Weave Communications by 36.2% during the third quarter. Algert Global LLC now owns 247,558 shares of the company’s stock worth $3,169,000 after buying an additional 65,790 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.