Insider Selling: Weave Communications (NYSE:WEAV) Director Sells 50,993 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Tyler Newton sold 50,993 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $6.68, for a total transaction of $340,633.24. Following the completion of the sale, the director directly owned 50,992 shares of the company’s stock, valued at approximately $340,626.56. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Weave Communications Stock Performance

Shares of WEAV traded down $0.25 during trading hours on Friday, reaching $6.42. 1,280,670 shares of the company traded hands, compared to its average volume of 1,000,755. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $7.13 and its 200 day moving average is $8.21. Weave Communications, Inc. has a 1-year low of $6.28 and a 1-year high of $17.63. The stock has a market cap of $494.19 million, a P/E ratio of -14.92 and a beta of 1.71.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Weave Communications had a negative return on equity of 43.15% and a negative net margin of 14.32%.The firm had revenue of $61.34 million during the quarter, compared to analysts’ expectations of $60.67 million. Weave Communications has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Weave Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of WEAV. Teacher Retirement System of Texas boosted its stake in Weave Communications by 31.7% in the first quarter. Teacher Retirement System of Texas now owns 52,172 shares of the company’s stock worth $579,000 after purchasing an additional 12,566 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Weave Communications by 474.5% during the 1st quarter. Bank of New York Mellon Corp now owns 570,810 shares of the company’s stock worth $6,330,000 after acquiring an additional 471,446 shares during the last quarter. Cerity Partners LLC grew its holdings in Weave Communications by 55.4% during the 1st quarter. Cerity Partners LLC now owns 15,542 shares of the company’s stock worth $172,000 after acquiring an additional 5,540 shares during the last quarter. Arizona State Retirement System increased its position in Weave Communications by 20.2% in the 1st quarter. Arizona State Retirement System now owns 12,524 shares of the company’s stock valued at $139,000 after acquiring an additional 2,103 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Weave Communications by 150.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 68,659 shares of the company’s stock worth $761,000 after acquiring an additional 41,231 shares during the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WEAV. Weiss Ratings reiterated a “sell (e+)” rating on shares of Weave Communications in a research note on Tuesday, October 14th. Citigroup lowered their target price on shares of Weave Communications from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday. Stifel Nicolaus cut their price target on shares of Weave Communications from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Raymond James Financial lowered their price objective on Weave Communications from $17.00 to $15.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 1st. Finally, Piper Sandler cut their target price on Weave Communications from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

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.