Erin Goodsell, the Chief Legal Officer & Corporate Secretary of Weave Communications Inc (NYSE:WEAV), completed a sale of 16,528 shares of the company’s stock on August 20, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 638,452 shares of the company’s stock. The shares were sold at a price of $11.17 per share.
Weave Communications Inc. is a customer communications and engagement software platform for small and medium-sized businesses. The company’s solutions optimize customer interactions and automate engagement so companies can effectively manage their relationships.
Over the past year, Erin Goodsell has sold a total of 16,528 shares and has not purchased any shares of the company. Weave Communications Inc.’s insider transaction history shows no insider purchases over the past year, while there were a total of 5 insider sales during the same period.
In terms of valuation, Weave Communications Inc. shares were trading at $11.17 on the day of sale, giving the company a market capitalization of approximately $789.226 million. The stock is currently rated as slightly overvalued, with a Price to GF Value ratio of 1.21 based on GF Value of $9.26.
The GF value is calculated by taking into account historical multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past earnings and growth as well as Morningstar analysts’ estimates of future business performance.
This insider sale may be of interest to investors who track insider behavior and company valuation metrics to make their investment decisions in Weave Communications Inc.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
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