Weave Communications, Inc. (NYSE:WEAV) Director Sells $2,932,056.50 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 192,266 shares of Weave Communications stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $15.25, for a total value of $2,932,056.50. Following the transaction, the director now owns 225,412 shares in the company, valued at approximately $3,437,533. This trade represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Weave Communications Trading Down 0.6 %

Shares of NYSE WEAV opened at $15.46 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. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $15.93. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -38.65 and a beta of 2.00. The business has a fifty day simple moving average of $13.77 and a 200-day simple moving average of $11.44.

Analyst Ratings Changes

Several research analysts recently weighed in on WEAV shares. The Goldman Sachs Group raised their target price on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Piper Sandler lifted their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Loop Capital boosted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $16.50.

Institutional Trading of Weave Communications

A number of hedge funds have recently bought and sold shares of WEAV. nVerses Capital LLC purchased a new position in shares of Weave Communications in the third quarter worth approximately $45,000. Quarry LP acquired a new position in Weave Communications in the 3rd quarter worth approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Weave Communications by 48.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after purchasing an additional 3,228 shares in the last quarter. Private Management Group Inc. acquired a new stake in Weave Communications during the 2nd quarter valued at $90,000. Finally, US Bancorp DE purchased a new stake in shares of Weave Communications in the third quarter valued at $107,000. 86.83% of the stock is owned by hedge funds and other 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.