Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells $67,037.46 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 4,182 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $16.03, for a total value of $67,037.46. Following the transaction, the chief financial officer now owns 283,516 shares in the company, valued at approximately $4,544,761.48. This trade represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total value of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The shares were sold at an average price of $14.12, for a total transaction of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The shares were 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 transaction of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total value of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The shares were sold at an average price of $13.05, for a total value 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 value of $3,812.50.

Weave Communications Stock Performance

NYSE:WEAV opened at $16.01 on Thursday. The stock’s 50-day moving average is $14.20 and its 200-day moving average is $11.85. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.56. 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 stock has a market cap of $1.17 billion, a P/E ratio of -40.03 and a beta of 2.00.

Institutional Investors Weigh In On Weave Communications

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its stake in shares of Weave Communications by 102.2% during the second quarter. Raymond James & Associates now owns 140,015 shares of the company’s stock valued at $1,263,000 after acquiring an additional 70,771 shares during the last quarter. Bank of New York Mellon Corp raised its position in Weave Communications by 31.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 112,804 shares of the company’s stock worth $1,017,000 after purchasing an additional 26,953 shares during the last quarter. Bailard Inc. acquired a new position in Weave Communications during the 2nd quarter worth about $851,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Weave Communications in the 2nd quarter valued at about $145,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after buying an additional 3,228 shares during the period. 86.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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