Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 10,029 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 10,029 shares of Weave Communications stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.12, for a total transaction of $141,609.48. Following the sale, the director now owns 281,926 shares of the company’s stock, valued at approximately $3,980,795.12. This represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Weave Communications Price Performance

Shares of NYSE WEAV opened at $14.01 on Friday. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $14.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The company’s fifty day moving average is $13.24 and its 200-day moving average is $10.97.

Wall Street Analysts Forecast Growth

WEAV has been the subject of a number of analyst reports. Loop Capital lifted their target price 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. The Goldman Sachs Group lifted their price objective on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Piper Sandler upped their price objective on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $16.50.

Institutional Trading of Weave Communications

Several hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in Weave Communications during the 3rd quarter worth approximately $45,000. Quarry LP acquired a new stake in shares of Weave Communications during the third quarter worth $45,000. Private Management Group Inc. bought a new stake in Weave Communications in the 2nd quarter valued at $90,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after purchasing an additional 3,228 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in Weave Communications in the 2nd quarter worth $98,000. Institutional investors and hedge funds 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.