Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 5,485 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 5,485 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $17.45, for a total value of $95,713.25. Following the completion of the transaction, the director now owns 188,441 shares in the company, valued at $3,288,295.45. The trade was a 2.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Weave Communications Trading Down 0.8 %

NYSE:WEAV opened at $17.30 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $15.91 and a 200-day moving average of $13.53. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $17.48.

Hedge Funds Weigh In On Weave Communications

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Weave Communications by 23.5% in the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company’s stock worth $72,220,000 after acquiring an additional 863,547 shares during the last quarter. Wasatch Advisors LP raised its position 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 buying an additional 1,091,028 shares in the last quarter. Pathway Capital Management LP raised its holdings in shares of Weave Communications by 136.3% in the 4th quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company’s stock valued at $21,482,000 after acquiring an additional 778,413 shares in the last quarter. State Street Corp lifted its position in Weave Communications by 19.5% during the third quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after purchasing an additional 155,054 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Weave Communications during the 4th quarter worth $14,984,000. Institutional investors own 86.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Loop Capital boosted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Piper Sandler increased their target price on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, 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 report on Friday, November 1st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Weave Communications has a consensus rating of “Buy” and a consensus price target of $16.50.

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.