Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells $12,172.02 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 794 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $15.33, for a total value of $12,172.02. Following the completion of the sale, the chief financial officer now owns 282,722 shares of the company’s stock, valued at $4,334,128.26. This trade represents a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alan Taylor also recently made the following trade(s):

• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The stock was sold at an average price of $16.03, for a total value of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The shares were sold at an average price of $16.15, for a total transaction of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The stock was sold at an average price of $15.98, for a total transaction of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The shares were sold at an average price of $14.12, for a total transaction of $122,985.20.

Weave Communications Stock Performance

Shares of Weave Communications stock opened at $15.76 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $14.99 and a 200-day moving average of $12.65. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WEAV shares. The Goldman Sachs Group lifted their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Loop Capital raised their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Piper Sandler upped their target price on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. One equities research 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $16.50.

Institutional Investors Weigh In On Weave Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in shares of Weave Communications in the 3rd quarter valued at $45,000. Quarry LP acquired a new stake in Weave Communications in the third quarter valued at about $45,000. US Bancorp DE bought a new position in Weave Communications in the third quarter valued at about $107,000. Silverleafe Capital Partners LLC acquired a new position in Weave Communications during the fourth quarter worth about $206,000. Finally, International Assets Investment Management LLC acquired a new position in Weave Communications during the fourth quarter worth about $228,000. 86.83% of the stock is currently owned by institutional investors.

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.