Weave Communications, Inc. (NYSE:WEAV) Director Sells $1,702,129.40 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 121,148 shares of Weave Communications stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.05, for a total transaction of $1,702,129.40. Following the sale, the director now directly owns 296,182 shares of the company’s stock, valued at $4,161,357.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Weave Communications Stock Down 0.8 %

WEAV stock traded down $0.11 during trading on Monday, hitting $13.01. 1,156,533 shares of the company’s stock traded hands, compared to its average volume of 467,384. Weave Communications, Inc. has a 1 year low of $7.76 and a 1 year high of $14.34. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $934.29 million, a P/E ratio of -32.53 and a beta of 2.08. The business has a fifty day simple moving average of $12.22 and a two-hundred day simple moving average of $10.51.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WEAV. The Goldman Sachs Group lifted their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday. Loop Capital lifted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Piper Sandler lifted their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $16.50.

Institutional Investors Weigh In On Weave Communications

Several hedge funds have recently added to or reduced their stakes in WEAV. Vanguard Group Inc. boosted its stake in shares of Weave Communications by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after acquiring an additional 312,392 shares in the last quarter. AXA S.A. purchased a new position in Weave Communications in the 2nd quarter valued at about $11,590,000. Acadian Asset Management LLC raised its holdings in Weave Communications by 1.0% in the 1st quarter. Acadian Asset Management LLC now owns 784,270 shares of the company’s stock valued at $9,002,000 after acquiring an additional 7,511 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Weave Communications by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after acquiring an additional 89,600 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in Weave Communications by 39.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock valued at $5,803,000 after acquiring an additional 143,382 shares during the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.

About Weave Communications

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.