Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 120,551 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 120,551 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $13.90, for a total value of $1,675,658.90. Following the sale, the director now owns 262,440 shares in the company, valued at approximately $3,647,916. The trade was a 31.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Weave Communications Stock Down 1.2 %

WEAV traded down $0.17 on Thursday, reaching $13.95. 918,604 shares of the company traded hands, compared to its average volume of 523,323. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -34.78 and a beta of 2.00. 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 stock’s 50 day moving average price is $13.43 and its 200-day moving average price is $11.14. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $14.50.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WEAV. Piper Sandler boosted their price target on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” 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, Loop Capital raised 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. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Weave Communications has a consensus rating of “Buy” and a consensus target price of $16.50.

Institutional Investors Weigh In On Weave Communications

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of Weave Communications by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after buying an additional 89,600 shares during the last quarter. Summit Global Investments bought a new position in Weave Communications during the third quarter valued at approximately $460,000. Pathway Capital Management LP acquired a new stake in Weave Communications in the third quarter valued at approximately $7,308,000. Bailard Inc. bought a new stake in Weave Communications in the second quarter worth approximately $851,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Weave Communications during the 3rd quarter worth $1,904,000. 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.