Figma Shares Indicated To Open $105/$110
Neish Branden, Chief Product & Technology Officer at Weave Communications , Inc. (NYSE:WEAV), has recently sold a total of 44,175 shares of the company’s common stock, according to a recent SEC filing. The transactions, which took place over two days, amounted to a total value of approximately $500,213.
On March 19, Branden sold 25,510 shares at an average price of $11.326 per share, totaling $288,926. This sale was executed to cover taxes due upon the release and settlement of restricted stock units. The following day, March 20, Branden sold an additional 18,665 shares at an average price of $11.32 per share, amounting to $211,287. This transaction was conducted under a pre-established Rule 10b5-1 sales plan, which Branden adopted on March 6, 2024. The stock has experienced significant volatility, with a beta of 1.97 and a YTD return of -27%.
Following these transactions, Branden now holds 442,243 shares of Weave Communications. While currently unprofitable, analysts tracked by InvestingPro expect the company to achieve profitability this year. Get access to 7 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
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. Revenue for the quarter, however, was $54.2 million, slightly surpassing the analyst forecast of $53.23 million and marking an 18.6% increase year-over-year. Looking ahead, Weave Communications projects first-quarter 2025 revenue between $54 million and $55 million, aligning with the consensus estimate of $54.737 million. However, their earnings per share guidance for the first quarter, ranging from a loss of $0.70 to a profit of $0.30, contrasts with the analyst estimate of $0.01. For the full year 2025, the company’s EPS forecast of $2.00 to $6.00 diverges significantly from the consensus of $0.11, while revenue guidance of $232 million to $237 million is in line with expectations. Additionally, Weave Communications reported positive free cash flow of $6.1 million for the fourth quarter, an improvement from $2.9 million in the same period last year. Despite the earnings miss, the company added 3,995 net new customer locations in 2024, reaching a total of 34,997 by the end of the year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.