On October 7, 2024, Alan Taylor, Chief Financial Officer of Weave Communications Inc (WEAV, Financial), executed a sale of 24,994 shares of the company at a price of $13 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 421,847 shares of Weave Communications Inc.
Weave Communications Inc operates as a customer communication platform for small and medium-sized businesses. The company's software solutions streamline customer interactions and workflows, enhancing the overall customer experience.
Over the past year, Alan Taylor has sold a total of 122,268 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend seen within the company, where there have been 10 insider sells and no insider buys over the past year.
The shares of Weave Communications Inc were trading at $13 on the day of the sale, giving the company a market cap of approximately $940.751 million. According to the GF Value, the intrinsic value estimate for the stock is $9.40, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.38.
The GF Value is determined by historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale might draw the attention of current and potential investors, especially considering the company's valuation and the ongoing trends in 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.
