Weave Communications Inc (NYSE: WEAV) is 19.88% higher on its value in year-to-date trading and has touched a low of $7.95 and a high of $14.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WEAV stock was last observed hovering at around $14.16 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $13.75, the stock is 1.26% and 8.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -2.90% at the moment leaves the stock 24.14% off its SMA200. WEAV registered 69.54% gain for a year compared to 6-month gain of 51.10%. The firm has a 50-day simple moving average (SMA 50) of $12.5724 and a 200-day simple moving average (SMA200) of $11.0733.
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The stock witnessed a 3.31% loss in the last 1 month and extending the period to 3 months gives it a 26.96%, and is -1.65% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.95% over the week and 4.14% over the month.
Weave Communications Inc (WEAV) has around 844 employees, a market worth around $1.00B and $195.84M in sales. Fwd P/E is 125.03. Profit margin for the company is -14.64%. Distance from 52-week low is 72.96% and -5.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.91%).
The EPS is expected to grow by 135.17% this year
209.0 institutions hold shares in Weave Communications Inc (WEAV), with institutional investors hold 81.92% of the company’s shares. The shares outstanding are 70.12M, and float is at 48.74M with Short Float at 1.94%. Institutions hold 79.58% of the Float.
The top institutional shareholder in the company is CROSSLINK CAPITAL INC with over 9.64 million shares valued at $86.99 million. The investor’s holdings represent 13.6883 of the WEAV Shares outstanding. As of 2024-06-30, the second largest holder is DEER MANAGEMENT CO. LLC with 6.0 million shares valued at $54.12 million to account for 8.5168 of the shares outstanding. The other top investors are PELION, INC. which holds 5.55 million shares representing 7.871 and valued at over $50.02 million, while VANGUARD GROUP INC holds 4.9079 of the shares totaling 3.46 million with a market value of $31.19 million.
Weave Communications Inc (WEAV) Insider Activity
The most recent transaction is an insider sale by Modersitzki Blake G, the company’s Director. SEC filings show that Modersitzki Blake G sold 79,863 shares of the company’s common stock on Nov 08 ’24 at a price of $14.30 per share for a total of $1.14 million. Following the sale, the insider now owns 0.29 million shares.
Weave Communications Inc disclosed in a document filed with the SEC on Nov 11 ’24 that Modersitzki Blake G (Director) sold a total of 74,228 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $14.04 per share for $1.04 million. Following the transaction, the insider now directly holds 0.29 million shares of the WEAV stock.
Still, SEC filings show that on Nov 13 ’24, Modersitzki Blake G (Director) disposed off 37,760 shares at an average price of $14.20 for $0.54 million. The insider now directly holds 282,568 shares of Weave Communications Inc (WEAV).
