Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 41,991 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 41,991 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $17.48, for a total value of $734,002.68. Following the completion of the sale, the director now owns 183,937 shares in the company, valued at $3,215,218.76. The trade was a 18.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weave Communications Stock Down 1.5 %

WEAV opened at $17.03 on Thursday. The company has a fifty day moving average price of $16.22 and a two-hundred day moving average price of $13.79. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year 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.

Institutional Trading of Weave Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Weave Communications in the third quarter worth approximately $193,000. nVerses Capital LLC bought a new position in shares of Weave Communications in the 3rd quarter worth $45,000. Raymond James & Associates lifted its holdings in shares of Weave Communications by 66.8% in the 3rd quarter. Raymond James & Associates now owns 233,534 shares of the company’s stock worth $2,989,000 after purchasing an additional 93,519 shares in the last quarter. US Bancorp DE bought a new position in shares of Weave Communications in the 3rd quarter worth $107,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Weave Communications in the 3rd quarter worth $1,904,000. 86.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on WEAV. The Goldman Sachs Group upped their target price 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 upped their target price on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Piper Sandler upped their target price on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.