Weave Communications, Inc. (NYSE:WEAV) Director Sells 37,760 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 37,760 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $14.20, for a total value of $536,192.00. Following the transaction, the director now directly owns 282,568 shares in the company, valued at $4,012,465.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Weave Communications Stock Performance

Shares of Weave Communications stock traded down $0.41 on Wednesday, reaching $13.75. 1,274,749 shares of the stock were exchanged, compared to its average volume of 498,653. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $14.50. The business has a 50 day moving average price of $12.63 and a two-hundred day moving average price of $10.67. The company has a quick ratio of 1.64, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -34.38 and a beta of 2.08.

Wall Street Analysts Forecast Growth

WEAV has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Loop Capital upped 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, October 31st. Finally, Piper Sandler raised their price target on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $16.50.

Institutional Trading of Weave Communications

Several institutional investors and hedge funds have recently bought and sold shares of WEAV. Vanguard Group Inc. raised its holdings in shares of Weave Communications by 10.3% during the first 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 about $11,590,000. Acadian Asset Management LLC lifted its holdings in shares of 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 buying an additional 7,511 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Weave Communications by 17.8% in the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock worth $5,353,000 after buying an additional 89,600 shares during the last quarter. Finally, Pathway Capital Management LP acquired a new stake in Weave Communications during the third quarter worth about $7,308,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

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.