Alan Taylor, the Chief Financial Officer of Weave Communications Inc (WEAV, Financial), sold 4,601 shares of the company on September 30, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 446,841 shares of the company.
Weave Communications Inc (WEAV, Financial) operates as a customer communication platform for small and medium-sized businesses. The company's software solutions streamline customer interactions and daily business engagements with communication and networked software products.
Over the past year, Alan Taylor has sold a total of 97,274 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 10 insider sells and no insider buys over the past year.
Shares of Weave Communications Inc were trading at $13.01 on the day of the transaction. The company has a market cap of approximately $895.508 million.
According to the GF Value, the intrinsic value of the stock is estimated at $9.38, which suggests that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.39. 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 expected future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
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.
