Weave Communications, Inc. (NYSE:WEAV) Insider Erin Goodsell Sells 7,472 Shares

Weave Communications, Inc. (NYSE:WEAV) insider Erin Goodsell sold 7,472 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $8.59, for a total transaction of $64,184.48. Following the completion of the sale, the insider now directly owns 584,657 shares of the company’s stock, valued at $5,022,203.63. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Weave Communications Price Performance

WEAV stock opened at $8.11 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.10. Weave Communications, Inc. has a one year low of $8.06 and a one year high of $17.63. The firm has a market capitalization of $609.56 million, a PE ratio of -19.78 and a beta of 1.86. The firm has a 50-day moving average of $9.77 and a two-hundred day moving average of $12.65.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). Weave Communications had a negative net margin of 14.07% and a negative return on equity of 31.08%. The firm had revenue of $55.81 million for the quarter, compared to analysts’ expectations of $54.72 million. On average, analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus cut their price target on shares of Weave Communications from $20.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Piper Sandler upped their price target on shares of Weave Communications from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Finally, Raymond James Financial cut their price target on shares of Weave Communications from $20.00 to $17.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Weave Communications has an average rating of “Buy” and an average target price of $16.10.

Institutional Trading of Weave Communications

A number of hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP lifted its stake in Weave Communications by 38.4% during the fourth quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company’s stock valued at $82,874,000 after buying an additional 1,444,828 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Weave Communications by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,731,398 shares of the company’s stock valued at $52,471,000 after purchasing an additional 194,936 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings 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 valued at $26,280,000 after purchasing an additional 1,105,728 shares during the period. Voya Investment Management LLC increased its holdings in shares of Weave Communications by 26.2% in the 1st quarter. Voya Investment Management LLC now owns 1,387,040 shares of the company’s stock valued at $15,382,000 after purchasing an additional 287,785 shares during the period. Finally, Pathway Capital Management LP increased its holdings in shares of Weave Communications by 136.3% in the 4th quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company’s stock valued at $21,482,000 after purchasing an additional 778,413 shares during the period. 86.83% of the stock is owned by hedge funds and other institutional investors.

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.