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

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

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 value 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 value 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 value of $67,037.46.

Weave Communications Stock Performance

NYSE:WEAV opened at $11.72 on Friday. The business has a 50 day moving average of $14.60 and a 200 day moving average of $13.98. The company has a market capitalization of $865.81 million, a price-to-earnings ratio of -30.04 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.

Weave Communications (NYSE:WEAV) last released 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 firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. On average, sell-side analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Trading of Weave Communications

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

Analyst Upgrades and Downgrades

Separately, Raymond James reaffirmed a “strong-buy” rating and issued a $20.00 price target (up previously 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.