Blake G. Modersitzki Sells 74,756 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 74,756 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total transaction of $1,307,482.44. Following the sale, the director now owns 179,153 shares of the company’s stock, valued at $3,133,385.97. This represents a 29.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Weave Communications Price Performance

Shares of WEAV traded down $0.26 during trading hours on Wednesday, reaching $17.03. 999,064 shares of the company traded hands, compared to its average volume of 797,543. The stock has a market capitalization of $1.24 billion, a PE ratio of -42.56 and a beta of 1.91. The stock has a fifty day simple moving average of $16.22 and a 200 day simple moving average of $13.79. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Analyst Ratings Changes

WEAV has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Loop Capital increased their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Piper Sandler boosted their price target 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. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $16.50.

Institutional Trading of Weave Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEAV. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Weave Communications by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company’s stock worth $174,000 after purchasing an additional 597 shares during the period. MetLife Investment Management LLC raised its position in shares of Weave Communications by 2.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,387 shares of the company’s stock worth $388,000 after buying an additional 620 shares during the period. US Bancorp DE boosted its holdings in Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company’s stock valued at $144,000 after acquiring an additional 703 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after acquiring an additional 928 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Weave Communications by 0.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock worth $2,383,000 after acquiring an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

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.