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In a recent SEC filing, Weave Communications , Inc. (NYSE:WEAV), a $858 million market cap company currently trading at $11.64, disclosed that its Chief Financial Officer, Taylor Alan, executed significant stock transactions this week. According to InvestingPro data, the company’s stock has shown notable volatility recently. On March 18, Alan sold 31,262 shares of common stock at an average price of $11.165 per share, generating approximately $349,040. The sale was conducted to cover taxes due upon the release and settlement of restricted stock units.
The following day, March 19, Alan sold an additional 39,498 shares, bringing in around $449,775. This transaction was executed under a pre-established Rule 10b5-1 sales plan, which was adopted on June 7, 2024. The shares were sold at a volume-weighted average price of $11.3873, with actual sale prices ranging from $11.10 to $11.595.
Following these transactions, Alan retains ownership of 207,986 shares of Weave Communications.
In other recent news, Weave Communications reported fourth-quarter earnings that did not meet analyst expectations, with an adjusted loss of $0.09 per share compared to the anticipated profit of $0.01. Despite this earnings miss, the company achieved a revenue of $54.2 million for the quarter, surpassing the analyst forecast of $53.23 million and marking an 18.6% increase year-over-year. Looking ahead to the first quarter of 2025, Weave Communications projects revenue between $54 million and $55 million, aligning with the consensus estimate of $54.737 million. However, the company’s earnings per share guidance for the same period ranges widely from -$0.70 to $0.30, creating some uncertainty compared to the analyst estimate of $0.01. For the full year 2025, the company anticipates revenue between $232 million and $237 million, which is consistent with expectations of $235.7 million, but the projected EPS of $2.00 to $6.00 significantly diverges from the consensus of $0.11. Despite the earnings shortfall, Weave Communications reported positive free cash flow of $6.1 million for the fourth quarter, up from $2.9 million in the previous year. The company added 3,995 net new customer locations in 2024, bringing the total to 34,997 by year-end, with a dollar-based net retention rate of 98%. CEO Roy Banks expressed satisfaction with the company’s strong revenue growth and improved profitability in 2024.
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