Weave Communications, Inc. (NYSE:WEAV) Director Sells $1,712,838.60 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 103,620 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $16.53, for a total transaction of $1,712,838.60. Following the completion of the sale, the director now owns 188,792 shares in the company, valued at approximately $3,120,731.76. This trade represents a 35.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Weave Communications Stock Down 0.3 %

Weave Communications stock opened at $16.35 on Monday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -40.87 and a beta of 1.92. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $16.86. The stock has a fifty day simple moving average of $15.48 and a two-hundred day simple moving average of $13.18.

Analyst Ratings Changes

Several analysts recently weighed in on WEAV shares. Loop Capital upped their price target on Weave Communications from $15.00 to $18.00 and gave the stock 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 stock a “neutral” rating in a research note on Friday, November 1st. Finally, Piper Sandler lifted their price target on Weave Communications from $16.00 to $17.00 and gave the stock 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $16.50.

Hedge Funds Weigh In On Weave Communications

Hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP grew its stake in shares of Weave Communications by 40.9% in the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock worth $48,139,000 after acquiring an additional 1,091,028 shares during the period. State Street Corp boosted its holdings in Weave Communications by 19.5% in the third 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 during the last quarter. Geode Capital Management LLC grew its position in Weave Communications by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after purchasing an additional 101,580 shares during the period. Lord Abbett & CO. LLC raised its stake in Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock valued at $11,180,000 after buying an additional 239,202 shares during the last quarter. Finally, Pathway Capital Management LP bought a new position in shares of Weave Communications during the 3rd quarter valued at $7,308,000. Hedge funds and other institutional investors 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.