Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells 8,710 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 8,710 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.12, for a total transaction of $122,985.20. Following the transaction, the chief financial officer now owns 392,085 shares of the company’s stock, valued at $5,536,240.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alan Taylor also recently made the following trade(s):

• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The stock was sold at an average price of $13.25, for a total transaction of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total value of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total value of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total value of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The shares were sold at an average price of $12.50, for a total transaction of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The stock was sold at an average price of $12.58, for a total transaction of $308,197.42.
• On Tuesday, September 17th, Alan Taylor sold 13,295 shares of Weave Communications stock. The stock was sold at an average price of $11.03, for a total transaction of $146,643.85.
• On Friday, September 13th, Alan Taylor sold 3,560 shares of Weave Communications stock. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40.

Weave Communications Price Performance

Shares of NYSE WEAV opened at $13.18 on Wednesday. The stock has a fifty day moving average price of $12.28 and a 200 day moving average price of $10.54. Weave Communications, Inc. has a 1-year low of $7.76 and a 1-year high of $14.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $946.10 million, a PE ratio of -32.94 and a beta of 2.08.

Hedge Funds Weigh In On Weave Communications

A number of large investors have recently bought and sold shares of the company. AXA S.A. acquired a new position in shares of Weave Communications during the second quarter worth about $11,590,000. Pathway Capital Management LP acquired a new stake in shares of Weave Communications in the 3rd quarter valued at approximately $7,308,000. Vanguard Group Inc. boosted its stake in shares of Weave Communications by 10.3% in the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $38,374,000 after buying an additional 312,392 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Weave Communications during the first quarter worth $1,816,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Weave Communications in the third quarter worth $1,904,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WEAV. The Goldman Sachs Group boosted 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. Piper Sandler boosted their price objective on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Loop Capital raised their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.