Brett T. White Sells 109,722 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CEO Brett T. White sold 109,722 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the completion of the transaction, the chief executive officer now owns 1,790,435 shares in the company, valued at approximately $20,160,298.10. This trade represents a 5.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Weave Communications Trading Up 4.0 %

NYSE WEAV traded up $0.44 on Wednesday, reaching $11.58. The stock had a trading volume of 1,615,107 shares, compared to its average volume of 649,280. The stock has a fifty day moving average price of $14.76 and a two-hundred day moving average price of $13.99. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63. The firm has a market capitalization of $842.76 million, a price-to-earnings ratio of -29.69 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 (NYSE:WEAV) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) 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 analysts’ expectations of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. As a group, sell-side analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Institutional Trading of Weave Communications

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Wealth Management Inc. purchased a new position in Weave Communications during the fourth quarter worth about $215,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Weave Communications by 37.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,947 shares of the company’s stock valued at $1,321,000 after purchasing an additional 22,448 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Weave Communications during the 4th quarter valued at $10,186,000. Squarepoint Ops LLC boosted its stake in shares of Weave Communications by 28.6% during the 4th quarter. Squarepoint Ops LLC now owns 134,047 shares of the company’s stock worth $2,134,000 after purchasing an additional 29,806 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in Weave Communications by 127.9% during the fourth quarter. Two Sigma Advisers LP now owns 596,300 shares of the company’s stock worth $9,493,000 after acquiring an additional 334,700 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Weave Communications

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.