Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 10,029 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 10,029 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.12, for a total value of $141,609.48. Following the transaction, the director now owns 281,926 shares of the company’s stock, valued at $3,980,795.12. This represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Weave Communications Stock Down 0.6 %

Shares of WEAV opened at $14.01 on Thursday. The stock’s fifty day moving average is $13.18 and its 200-day moving average is $10.95. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $14.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WEAV shares. Loop Capital boosted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of 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 raised their price target on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research note 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’s stock. According to data from MarketBeat, Weave Communications has an average rating of “Buy” and a consensus target price of $16.50.

Hedge Funds Weigh In On Weave Communications

Large investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. lifted its stake in shares of Weave Communications by 5.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock worth $158,000 after acquiring an additional 896 shares during the period. California State Teachers Retirement System raised its holdings in Weave Communications by 6.6% during the first quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock worth $398,000 after purchasing an additional 2,152 shares in the last quarter. ClariVest Asset Management LLC raised its stake in shares of Weave Communications by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock worth $741,000 after buying an additional 2,298 shares in the last quarter. Truvestments Capital LLC lifted its holdings in Weave Communications by 11.4% in the 3rd quarter. Truvestments Capital LLC now owns 23,422 shares of the company’s stock valued at $300,000 after acquiring an additional 2,405 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Weave Communications by 3.8% during the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock valued at $620,000 after purchasing an additional 2,516 shares during the last quarter. Institutional investors and hedge funds 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.