Weave Communications, Inc. (NYSE:WEAV – Get Free Report) Director Blake G. Modersitzki sold 92,930 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $15.47, for a total transaction of $1,437,627.10. Following the transaction, the director now directly owns 207,979 shares in the company, valued at approximately $3,217,435.13. The trade was a 30.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Weave Communications Trading Down 0.6 %
NYSE:WEAV opened at $15.46 on Friday. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $15.93. The company’s 50-day simple moving average is $13.77 and its 200 day simple moving average is $11.44. The firm has a market capitalization of $1.13 billion, a P/E ratio of -38.65 and a beta of 2.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.
Institutional Trading of Weave Communications
Hedge funds have recently made changes to their positions in the stock. AXA S.A. purchased a new position in Weave Communications during the second quarter valued at $11,590,000. Wasatch Advisors LP increased its holdings 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 valued at $48,139,000 after acquiring an additional 1,091,028 shares in the last quarter. Pathway Capital Management LP bought a new position in shares of Weave Communications during the third quarter valued at $7,308,000. Lord Abbett & CO. LLC raised its position in shares of Weave Communications by 37.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after purchasing an additional 239,202 shares during the last quarter. Finally, State Street Corp boosted its stake in Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock worth $12,169,000 after purchasing an additional 155,054 shares in the last quarter. 86.83% of the stock is owned by institutional investors.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Weave Communications
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.
Featured Articles
- Five stocks we like better than Weave Communications
- EV Stocks and How to Profit from Them
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- What is a Bond Market Holiday? How to Invest and Trade
- Texas Instruments: The Old-School Tech Titan Still Delivering
- Insider Trading – What You Need to Know
- GRAIL: Biotech Stock Targeting $100B Cancer Market
Receive News & Ratings for Weave Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weave Communications and related companies with MarketBeat.com's FREE daily email newsletter.