Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 6,230 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 6,230 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $17.45, for a total transaction of $108,713.50. Following the transaction, the director now owns 188,042 shares of the company’s stock, valued at $3,281,332.90. This trade represents a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Weave Communications Stock Performance

Shares of WEAV stock opened at $17.30 on Wednesday. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.48. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $15.91 and a two-hundred day moving average price of $13.53.

Analyst Ratings Changes

WEAV has been the subject of several research analyst reports. Loop Capital lifted their price objective on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their target price on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Piper Sandler upped their price objective on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $16.50.

Institutional Investors Weigh In On Weave Communications

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Weave Communications by 23.5% during the fourth quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company’s stock valued at $72,220,000 after buying an additional 863,547 shares during the period. Wasatch Advisors LP boosted its holdings in Weave Communications by 40.9% in the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock valued at $48,139,000 after acquiring an additional 1,091,028 shares in the last quarter. Pathway Capital Management LP increased its position in Weave Communications by 136.3% during the 4th quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company’s stock valued at $21,482,000 after purchasing an additional 778,413 shares during the period. State Street Corp raised its holdings in Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock worth $12,169,000 after purchasing an additional 155,054 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Weave Communications in the 4th quarter worth about $14,984,000. Hedge funds and other 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.