Weave Communications, Inc. (NYSE:WEAV) Director Sells $18,014.75 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 1,205 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $14.95, for a total transaction of $18,014.75. Following the completion of the transaction, the director now owns 244,538 shares of the company’s stock, valued at $3,655,843.10. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Weave Communications Price Performance

Shares of WEAV traded up $0.15 during mid-day trading on Tuesday, hitting $14.94. The company’s stock had a trading volume of 1,121,922 shares, compared to its average volume of 531,245. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a 50-day moving average price of $13.55 and a 200 day moving average price of $11.28. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $15.23. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -36.98 and a beta of 2.00.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WEAV shares. Piper Sandler upped their price target on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Loop Capital upped their target price on 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 lifted their price target on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Weave Communications presently has an average rating of “Buy” and an average target price of $16.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WEAV. nVerses Capital LLC purchased a new position in Weave Communications in the 3rd quarter worth about $45,000. Quarry LP purchased a new stake in Weave Communications during the third quarter valued at about $45,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 acquiring an additional 3,228 shares in the last quarter. Private Management Group Inc. purchased a new position in shares of Weave Communications in the second quarter worth approximately $90,000. Finally, US Bancorp DE acquired a new stake in shares of Weave Communications during the third quarter valued at approximately $107,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

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.