Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Marcus Bertilson, Chief Operating Officer of Weave Communications , Inc. (NYSE:WEAV), recently sold 27,599 shares of the company’s common stock. The transaction, which took place on March 19, 2025, was executed at an average price of $11.326 per share, totaling approximately $312,586. Following this sale, Bertilson holds 248,502 shares directly.
The sale was conducted to cover taxes due upon the release and settlement of restricted stock units, as noted in the filing. This transaction is part of the routine financial activities of executives and does not necessarily reflect any changes in Bertilson’s view of the company’s prospects.
In other recent news, Weave Communications reported its fourth-quarter earnings, revealing an adjusted loss of $0.09 per share, which fell short of analyst expectations for a $0.01 profit. Despite the earnings miss, the company achieved 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. For the first quarter of 2025, Weave Communications anticipates revenue between $54-55 million, aligning with the consensus estimate of $54.737 million. However, the company’s guidance for earnings per share (EPS) presents a wide range from -$0.70 to $0.30, which contrasts with analysts’ projection of $0.01.
Full-year 2025 guidance also showed a broad EPS range of $2.00-$6.00, differing from the $0.11 consensus, while revenue expectations of $232-237 million were in line with the anticipated $235.7 million. The company reported positive free cash flow of $6.1 million for the fourth quarter, an improvement from $2.9 million in the previous year. CEO Roy Banks expressed satisfaction with the company’s strong revenue growth and improved profitability in 2024, attributing it to a focus on platform enhancements and integrations. Additionally, Weave Communications added 3,995 net new customer locations in 2024, bringing the total to 34,997 by the end of the year. The company’s dollar-based net retention rate stood at 98% at the end of the year.
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