Insider Selling: Weave Communications, Inc. (NYSE:WEAV) COO Sells 27,599 Shares of Stock

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

Weave Communications Stock Performance

NYSE WEAV opened at $11.72 on Friday. 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 firm has a market cap of $865.81 million, a price-to-earnings ratio of -30.04 and a beta of 1.96. The company has a fifty day moving average price of $14.60 and a 200-day moving average price of $13.98.

Weave Communications (NYSE:WEAV) last posted its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (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 the consensus estimate of $53.23 million. As a group, equities research analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Weave Communications

Several institutional investors have recently made changes to their positions in WEAV. Wasatch Advisors LP grew its stake in shares of Weave Communications by 38.4% in the 4th quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company’s stock worth $82,874,000 after acquiring an additional 1,444,828 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Weave Communications by 202.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company’s stock worth $26,280,000 after acquiring an additional 1,105,728 shares in the last quarter. Raymond James Financial Inc. bought a new position in Weave Communications during the fourth quarter valued at about $14,984,000. Voya Investment Management LLC grew its position in Weave Communications by 509.2% during the fourth quarter. Voya Investment Management LLC now owns 1,099,255 shares of the company’s stock valued at $17,500,000 after buying an additional 918,804 shares during the period. Finally, Vanguard Group Inc. grew its position in Weave Communications by 23.5% during the fourth quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company’s stock valued at $72,220,000 after buying an additional 863,547 shares during the period. 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.