Branden Neish Sells 7,111 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 7,111 shares of Weave Communications stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.95, for a total value of $113,420.45. Following the completion of the transaction, the insider now directly owns 512,122 shares in the company, valued at $8,168,345.90. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Branden Neish also recently made the following trade(s):

• On Tuesday, October 29th, Branden Neish sold 400 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total value of $5,484.00.
• On Monday, October 21st, Branden Neish sold 1,308 shares of Weave Communications stock. The shares were sold at an average price of $13.72, for a total value of $17,945.76.
• On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The shares were sold at an average price of $13.71, for a total transaction of $8,911.50.

Weave Communications Stock Down 2.8 %

Shares of WEAV stock traded down $0.44 during trading on Wednesday, reaching $15.48. The company’s stock had a trading volume of 865,506 shares, compared to its average volume of 545,912. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.33. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -38.70 and a beta of 2.00. The stock’s 50-day moving average price is $13.88 and its 200 day moving average price is $11.57.

Hedge Funds Weigh In On Weave Communications

Several large investors have recently bought and sold shares of the stock. Wasatch Advisors LP boosted its holdings 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 valued at $48,139,000 after acquiring an additional 1,091,028 shares in the last quarter. AXA S.A. acquired a new stake in Weave Communications during the second quarter worth approximately $11,590,000. State Street Corp grew its stake in Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock worth $12,169,000 after acquiring an additional 155,054 shares during the period. Geode Capital Management LLC grew its position in shares of Weave Communications by 13.0% in the third quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock valued at $11,308,000 after purchasing an additional 101,580 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Weave Communications by 37.7% in the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock valued at $11,180,000 after purchasing an additional 239,202 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Loop Capital lifted 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 raised their target price 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. Finally, Piper Sandler raised their price objective 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 investment 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’s stock. According to data from MarketBeat, the stock presently has an average 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.