On October 8, 2024, Alan Taylor, Chief Financial Officer of Weave Communications Inc (WEAV, Financial), sold 19,462 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 402,385 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 141,730 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 11 insider sells and no insider buys over the past year.
Shares of Weave Communications Inc were priced at $13.05 on the day of the sale, giving the company a market cap of approximately $941.47 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 1.39.
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 could be of interest to 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.
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