Weave Communications, Inc. (NYSE:WEAV) CRO Joseph David Mcneil Sells 51,638 Shares

Weave Communications, Inc. (NYSE:WEAV) CRO Joseph David Mcneil sold 51,638 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 $576,280.08. Following the sale, the executive now owns 298,362 shares in the company, valued at $3,329,719.92. This trade represents a 14.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Weave Communications Stock Up 0.7 %

WEAV stock opened at $11.72 on Friday. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The firm’s 50 day moving average price is $14.60 and its 200-day moving average price is $13.98. The firm has a market cap of $865.81 million, a PE ratio of -30.04 and a beta of 1.96.

Weave Communications (NYSE:WEAV) last posted 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 analyst estimates of $53.23 million. On average, equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Weave Communications

Several institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in shares of Weave Communications by 161.9% during the third quarter. FMR LLC now owns 97,991 shares of the company’s stock worth $1,254,000 after purchasing an additional 60,574 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Weave Communications by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after purchasing an additional 45,475 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Weave Communications by 429.2% during the third quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock worth $717,000 after purchasing an additional 45,430 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Weave Communications by 33.0% during the fourth quarter. Principal Financial Group Inc. now owns 119,351 shares of the company’s stock worth $1,900,000 after purchasing an additional 29,583 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Weave Communications by 37.7% during the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after purchasing an additional 239,202 shares in the last quarter. Institutional investors and hedge funds 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.