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

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 31,262 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $11.16, for a total transaction of $348,883.92. Following the transaction, the chief financial officer now owns 247,484 shares of the company’s stock, valued at $2,761,921.44. This represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, February 13th, Alan Taylor sold 789 shares of Weave Communications stock. The stock was 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 stock was 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 stock was sold at an average price of $16.03, for a total transaction of $67,037.46.

Weave Communications Trading Up 0.7 %

Shares of WEAV opened at $11.72 on Friday. The firm’s 50 day simple moving average is $14.60 and its 200 day simple moving average is $14.00. The company has a market capitalization of $865.81 million, a P/E ratio of -30.04 and a beta of 1.96. 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, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63.

Weave Communications (NYSE:WEAV) last announced its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The company had revenue of $54.17 million during the quarter, compared to analysts’ expectations of $53.23 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. Sell-side analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Weave Communications

A number of institutional investors and hedge funds have recently bought and sold shares of WEAV. Aquatic Capital Management LLC purchased a new stake in Weave Communications in the fourth quarter valued at approximately $34,000. Quarry LP bought a new position in Weave Communications during the third quarter valued at approximately $45,000. Amundi bought a new position in Weave Communications during the fourth quarter valued at approximately $66,000. Summit Investment Advisors Inc. grew its position in Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after acquiring an additional 928 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Weave Communications during the fourth quarter valued at approximately $131,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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