Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Insider Sells 1,308 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 1,308 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $13.72, for a total value of $17,945.76. Following the sale, the insider now directly owns 568,222 shares in the company, valued at $7,796,005.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Branden Neish also recently made the following trade(s):

• On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total transaction of $8,911.50.

Weave Communications Stock Performance

Shares of Weave Communications stock traded down $0.39 on Wednesday, reaching $12.93. 465,252 shares of the stock were exchanged, compared to its average volume of 429,051. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $919.62 million, a PE ratio of -30.00 and a beta of 2.10. Weave Communications, Inc. has a 1-year low of $6.67 and a 1-year high of $13.80. The business has a fifty day moving average price of $11.82 and a two-hundred day moving average price of $10.40.

Institutional Trading of Weave Communications

Hedge funds have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in Weave Communications during the third quarter worth about $45,000. Private Management Group Inc. acquired a new position in Weave Communications in the 2nd quarter valued at about $90,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after buying an additional 3,228 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Weave Communications in the 2nd quarter valued at $98,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Weave Communications during the 2nd quarter worth $134,000. 86.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their target price on shares of Weave Communications from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st.

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.