Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 44,245 Shares

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 44,245 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $15.98, for a total value of $707,035.10. Following the transaction, the chief financial officer now directly owns 301,734 shares of the company’s stock, valued at approximately $4,821,709.32. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The stock was sold at an average price of $14.12, for a total value of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The stock was sold at an average price of $13.25, for a total transaction of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total value of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total transaction of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total transaction of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The stock was sold at an average price of $12.50, for a total transaction of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The shares were sold at an average price of $12.58, for a total value of $308,197.42.

Weave Communications Price Performance

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

Analyst Upgrades and Downgrades

WEAV has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price target on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Piper Sandler lifted their target price on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Loop Capital raised their price objective 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 investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $16.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WEAV. FMR LLC raised its position in Weave Communications by 161.9% in the 3rd quarter. FMR LLC now owns 97,991 shares of the company’s stock worth $1,254,000 after purchasing an additional 60,574 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Weave Communications by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after acquiring an additional 45,475 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Weave Communications by 17.8% during the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after acquiring an additional 89,600 shares during the period. XTX Topco Ltd boosted its holdings in Weave Communications by 429.2% in the third quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock valued at $717,000 after acquiring an additional 45,430 shares during the last quarter. Finally, Summit Global Investments bought a new position in Weave Communications in the third quarter valued at about $460,000. 86.83% of the stock is owned by 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.