Blake G. Modersitzki Sells 17,255 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 17,255 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $14.14, for a total value of $243,985.70. Following the sale, the director now directly owns 279,000 shares of the company’s stock, valued at approximately $3,945,060. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Weave Communications Price Performance

NYSE WEAV opened at $14.40 on Wednesday. The company’s fifty day simple moving average is $13.34 and its 200-day simple moving average is $11.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $14.50.

Analysts Set New Price Targets

A number of research firms recently issued reports on WEAV. Piper Sandler increased their target price 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. The Goldman Sachs Group increased their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Loop Capital lifted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $16.50.

Hedge Funds Weigh In On Weave Communications

A number of institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its position in shares of Weave Communications by 40.9% during the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock worth $48,139,000 after acquiring an additional 1,091,028 shares during the last quarter. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 312,392 shares during the last quarter. AXA S.A. acquired a new position in shares of Weave Communications in the 2nd quarter valued at approximately $11,590,000. State Street Corp grew its position in shares of Weave Communications by 19.5% during the third quarter. State Street Corp now owns 950,683 shares of the company’s stock worth $12,169,000 after buying an additional 155,054 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Weave Communications by 13.0% during the third quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after buying an additional 101,580 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

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.