Weave Communications, Inc. (NYSE:WEAV) Director Sells $141,609.48 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 10,029 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.12, for a total value of $141,609.48. Following the completion of the transaction, the director now directly owns 281,926 shares in the company, valued at $3,980,795.12. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Weave Communications Price Performance

WEAV stock opened at $13.67 on Friday. The firm has a market cap of $994.77 million, a P/E ratio of -35.03 and a beta of 2.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $14.50. The stock has a 50-day simple moving average of $13.28 and a 200-day simple moving average of $10.99.

Analysts Set New Price Targets

WEAV has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. 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. Finally, Loop Capital lifted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One 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 stock. According to data from MarketBeat, Weave Communications presently has an average rating of “Buy” and an average target price of $16.50.

Institutional Trading of Weave Communications

Several large investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Weave Communications during the third quarter worth $45,000. Quarry LP purchased a new stake in Weave Communications during the 3rd quarter worth $45,000. US Bancorp DE acquired a new position in Weave Communications in the 3rd quarter worth $107,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Weave Communications by 48.0% in the 2nd 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 last quarter. Finally, Private Management Group Inc. purchased a new position in Weave Communications in the 2nd quarter valued at about $90,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

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.