Weave Communications, Inc. (NYSE:WEAV) Insider Branden Neish Sells 25,510 Shares

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 25,510 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $289,028.30. Following the completion of the sale, the insider now directly owns 460,908 shares of the company’s stock, valued at $5,222,087.64. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Branden Neish also recently made the following trade(s):

• On Monday, January 27th, Branden Neish sold 20,741 shares of Weave Communications stock. The shares were sold at an average price of $15.86, for a total value of $328,952.26.

Weave Communications Stock Performance

WEAV stock traded up $0.08 during mid-day trading on Friday, reaching $11.72. 1,023,564 shares of the stock traded hands, compared to its average volume of 654,523. The business has a 50-day moving average of $14.67 and a two-hundred day moving average of $13.97. The firm has a market capitalization of $865.81 million, a PE ratio of -30.04 and a beta of 1.96. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $17.63.

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 the consensus estimate of $0.03 by ($0.12). Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. The company had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. As a group, equities analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Institutional Trading of Weave Communications

Several institutional investors have recently modified their holdings of the company. Aquatic Capital Management LLC bought a new position in Weave Communications in the fourth quarter worth $34,000. Quarry LP acquired a new position in shares of Weave Communications in the 3rd quarter valued at $45,000. Amundi bought a new position in shares of Weave Communications during the 4th quarter worth about $66,000. Summit Investment Advisors Inc. boosted its position in shares of Weave Communications by 28.9% during the 4th 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Weave Communications in the fourth quarter valued at about $131,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James restated a “strong-buy” rating and issued a $20.00 price objective (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.