Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 5,485 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 5,485 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $17.45, for a total value of $95,713.25. Following the sale, the director now owns 188,441 shares in the company, valued at $3,288,295.45. The trade was a 2.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Weave Communications Price Performance

Shares of NYSE WEAV opened at $17.15 on Thursday. The company has a current ratio of 1.59, a quick 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 $17.48. The stock has a 50 day moving average of $15.97 and a 200-day moving average of $13.55.

Hedge Funds Weigh In On Weave Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WEAV. FMR LLC lifted its stake in shares of Weave Communications by 161.9% during the 3rd quarter. FMR LLC now owns 97,991 shares of the company’s stock worth $1,254,000 after buying an additional 60,574 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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. XTX Topco Ltd boosted its holdings in shares of Weave Communications by 429.2% during the third quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock worth $717,000 after acquiring an additional 45,430 shares during the period. Pathway Capital Management LP bought a new stake in shares of Weave Communications during the third quarter worth approximately $7,308,000. Finally, Summit Global Investments acquired a new position in Weave Communications in the 3rd quarter valued at $460,000. 86.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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