Weave Communications, Inc. (NYSE:WEAV) Director Sells $1,702,129.40 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 121,148 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.05, for a total value of $1,702,129.40. Following the completion of the sale, the director now directly owns 296,182 shares of the company’s stock, valued at $4,161,357.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Weave Communications Stock Performance

Weave Communications stock opened at $13.18 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $946.10 million, a PE ratio of -32.94 and a beta of 2.08. The company has a 50 day moving average price of $12.28 and a 200-day moving average price of $10.54. Weave Communications, Inc. has a fifty-two week low of $7.76 and a fifty-two week high of $14.34.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler raised their price target on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Loop Capital increased their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Weave Communications currently has an average rating of “Buy” and an average target price of $16.50.

Institutional Investors Weigh In On Weave Communications

Hedge funds have recently made changes to their positions in the company. Pathway Capital Management LP purchased a new stake in shares of Weave Communications in the 3rd quarter worth approximately $7,308,000. Summit Global Investments purchased a new stake in Weave Communications during the third quarter worth $460,000. Principal Financial Group Inc. lifted its holdings in Weave Communications by 139.0% during the third quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock worth $1,149,000 after buying an additional 52,210 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Weave Communications during the 3rd quarter valued at $1,904,000. Finally, US Bancorp DE bought a new position in shares of Weave Communications in the 3rd quarter worth $107,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Weave Communications Company Profile

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.