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 business’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $8.59, for a total transaction of $64,184.48. Following the sale, the insider now owns 584,657 shares in the company, 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 filing with the SEC, which is accessible through this hyperlink.

Weave Communications Trading Down 1.4%

Shares of WEAV stock opened at $8.33 on Thursday. The firm has a 50-day moving average price of $9.83 and a 200 day moving average price of $12.73. Weave Communications, Inc. has a twelve month low of $8.24 and a twelve month high of $17.63. The company has a market capitalization of $625.87 million, a price-to-earnings ratio of -20.30 and a beta of 1.86. 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 (NYSE:WEAV) last announced its earnings results on Monday, May 5th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $54.72 million. Research analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its stake in 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 last quarter. Rhumbline Advisers increased its stake in shares of Weave Communications by 9.1% during the 1st quarter. Rhumbline Advisers now owns 55,109 shares of the company’s stock valued at $611,000 after acquiring an additional 4,594 shares during the last quarter. Voleon Capital Management LP increased its stake in shares of Weave Communications by 54.2% during the 1st quarter. Voleon Capital Management LP now owns 31,919 shares of the company’s stock valued at $354,000 after acquiring an additional 11,215 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Weave Communications during the 1st quarter valued at about $381,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Weave Communications by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,918 shares of the company’s stock valued at $265,000 after acquiring an additional 1,457 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James Financial decreased their target price on shares of Weave Communications from $20.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 29th. Piper Sandler boosted their target price on shares of Weave Communications from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus decreased their target price on shares of Weave Communications from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $16.10.

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.