Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 10,029 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 10,029 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.12, for a total transaction of $141,609.48. Following the sale, the director now directly owns 281,926 shares of the company’s stock, valued at $3,980,795.12. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Weave Communications Trading Down 2.4 %

NYSE WEAV opened at $13.67 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $14.50. The company has a 50-day simple moving average of $13.28 and a 200-day simple moving average of $10.99. The firm has a market capitalization of $994.77 million, a PE ratio of -35.03 and a beta of 2.08.

Analyst Ratings Changes

Several research analysts have weighed in on WEAV shares. Piper Sandler raised their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Loop Capital increased their price target 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. Finally, The Goldman Sachs Group boosted their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $16.50.

Hedge Funds Weigh In On Weave Communications

A number of large investors have recently bought and sold shares of WEAV. nVerses Capital LLC bought a new position in shares of Weave Communications during the third quarter valued at approximately $45,000. Quarry LP acquired a new position in Weave Communications during the 3rd quarter valued at approximately $45,000. US Bancorp DE bought a new position in Weave Communications during the 3rd quarter worth $107,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after buying an additional 3,228 shares during the period. Finally, Private Management Group Inc. acquired a new stake in Weave Communications in the second quarter worth $90,000. Institutional investors own 86.83% of the company’s stock.

About Weave Communications

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.