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LEHI, Utah—Erin Goodsell, Chief Legal Officer and Corporate Secretary of Weave Communications , Inc. (NYSE:WEAV), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The transaction, which took place on February 19, 2025, involved the sale of 15,801 shares at a volume-weighted average price of $17.10 per share, totaling approximately $270,197. The sale comes as Weave’s stock trades near its 52-week high of $17.63, having gained over 53% in the past six months, according to InvestingPro data.
The sale was conducted under a Rule 10b5-1 sales plan that Goodsell adopted on May 16, 2024. Following this transaction, Goodsell retains ownership of 542,071 shares of Weave Communications. The stock sale’s price ranged from $17.01 to $17.14 per share, as per the filing details. With analyst price targets ranging from $15 to $20, InvestingPro analysis suggests the stock is currently fairly valued.
Weave Communications, headquartered in Lehi, Utah, provides prepackaged software services and continues to be a significant player in the technology sector. The company, now valued at $1.26 billion, maintains a FAIR financial health score according to InvestingPro’s comprehensive analysis, which includes over 30 key financial metrics and exclusive insights available to subscribers.
In other recent news, Weave Communications reported fourth-quarter earnings that did not meet analyst expectations. The company posted an adjusted loss of $0.09 per share, falling short of the anticipated $0.01 profit. However, revenue for the quarter was slightly above forecasts, reaching $54.2 million, an increase of 18.6% year-over-year. Looking ahead, Weave Communications projects first-quarter 2025 revenue between $54-55 million, aligning with the consensus of $54.737 million. The company’s earnings per share guidance for the same period is notably broad, ranging from a loss of $0.70 to a profit of $0.30, compared to analysts’ estimate of $0.01.
For the full year 2025, Weave’s EPS guidance is also wide-ranging at $2.00-$6.00, while revenue expectations of $232-237 million are in line with the consensus of $235.7 million. Despite the earnings miss, Weave Communications achieved positive free cash flow of $6.1 million in Q4, up from $2.9 million in the previous year. The company also added 3,995 net new customer locations in 2024, bringing its total to 34,997 by the end of December. Weave’s dollar-based net retention rate was 98% at the end of the year.
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