Joseph David Mcneil Sells 14,302 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) CRO Joseph David Mcneil sold 14,302 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $8.53, for a total transaction of $121,996.06. Following the sale, the executive now owns 409,060 shares of the company's stock, valued at approximately $3,489,281.80. The trade was a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Weave Communications Price Performance

Shares of WEAV traded down $0.20 on Friday, reaching $8.11. The stock had a trading volume of 1,043,071 shares, compared to its average volume of 779,775. Weave Communications, Inc. has a twelve month low of $8.06 and a twelve month 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 200 day moving average of $12.64. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.10.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.11) earnings per share 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 during the quarter, compared to analysts' expectations of $54.72 million. Sell-side analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WEAV shares. Stifel Nicolaus cut their target price on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Raymond James Financial dropped their price objective 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. Finally, Piper Sandler raised their price objective on Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. One research 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 company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $16.10.

Institutional Trading of Weave Communications

Institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Weave Communications by 5.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company's stock valued at $174,000 after purchasing an additional 597 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Weave Communications by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 24,387 shares of the company's stock worth $388,000 after acquiring an additional 620 shares during the last quarter. US Bancorp DE grew its holdings in Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after purchasing an additional 703 shares during the period. Summit Investment Advisors Inc. increased its position in Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after purchasing an additional 928 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Weave Communications by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,461 shares of the company's stock worth $358,000 after purchasing an additional 988 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company's stock.

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.