On September 16, 2024, Alan Taylor, the Chief Financial Officer of Weave Communications Inc (WEAV, Financial), executed a significant transaction by selling 36,319 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 489,236 shares of the company.
Weave Communications Inc (WEAV, Financial) operates as a customer communication platform for small and medium-sized businesses. The company provides a suite of products that streamline business operations and enhance customer interactions through features such as messaging, email marketing, and customer insights.
Over the past year, Alan Taylor has sold a total of 54,879 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 7 insider sells and no insider buys over the past year.
On the valuation front, shares of Weave Communications Inc were trading at $10.42 on the day of the sale. The company currently holds a market cap of approximately $794.25 million. According to the GF Value, an intrinsic value estimate developed by GuruFocus, the stock is modestly overvalued with a price-to-GF-Value ratio of 1.12. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and estimated future business outcomes.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of potential future performance or company outlook. It is essential for investors to consider broader market conditions and additional financial metrics when evaluating the significance of insider transactions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
