Alan Taylor Sells 789 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 789 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $17.01, for a total transaction of $13,420.89. Following the sale, the chief financial officer now owns 281,137 shares of the company’s stock, valued at approximately $4,782,140.37. This represents a 0.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The stock was sold at an average price of $15.33, for a total transaction of $12,172.02.
• 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 transaction of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The stock was 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.

Weave Communications Price Performance

Weave Communications stock opened at $17.32 on Wednesday. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63. The stock has a market capitalization of $1.26 billion, a P/E ratio of -43.29 and a beta of 1.91. The firm’s 50-day moving average is $16.19 and its two-hundred day moving average is $13.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

Institutional Investors Weigh In On Weave Communications

Several hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Weave Communications by 37.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,947 shares of the company’s stock worth $1,321,000 after purchasing an additional 22,448 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Weave Communications during the 4th quarter worth about $10,186,000. Squarepoint Ops LLC boosted its stake in shares of Weave Communications by 28.6% during the 4th quarter. Squarepoint Ops LLC now owns 134,047 shares of the company’s stock worth $2,134,000 after purchasing an additional 29,806 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Weave Communications by 127.9% during the 4th quarter. Two Sigma Advisers LP now owns 596,300 shares of the company’s stock worth $9,493,000 after purchasing an additional 334,700 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Weave Communications by 113.6% in the fourth quarter. Two Sigma Investments LP now owns 654,428 shares of the company’s stock worth $10,418,000 after acquiring an additional 348,038 shares during the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler upped their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Loop Capital increased 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. Finally, The Goldman Sachs Group increased their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $16.50.

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.