Branden Neish Sells 7,111 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 7,111 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.95, for a total transaction of $113,420.45. Following the completion of the sale, the insider now directly owns 512,122 shares of the company’s stock, valued at approximately $8,168,345.90. This trade represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, October 29th, Branden Neish sold 400 shares of Weave Communications stock. The shares were sold at an average price of $13.71, for a total value of $5,484.00.
• On Monday, October 21st, Branden Neish sold 1,308 shares of Weave Communications stock. The shares were sold at an average price of $13.72, for a total transaction of $17,945.76.
• 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 Up 0.8 %

WEAV stock opened at $15.61 on Friday. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $16.33. The company’s 50 day moving average price is $13.93 and its 200 day moving average price is $11.59. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -39.03 and a beta of 2.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WEAV shares. Loop Capital increased their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Piper Sandler upped their price target on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their target price on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. 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, the stock presently has an average rating of “Buy” and a consensus price target of $16.50.

Hedge Funds Weigh In On Weave Communications

A number of institutional investors and hedge funds have recently modified their holdings of WEAV. Raymond James & Associates lifted its position in shares of Weave Communications by 102.2% during the 2nd quarter. Raymond James & Associates now owns 140,015 shares of the company’s stock worth $1,263,000 after buying an additional 70,771 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Weave Communications by 31.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 112,804 shares of the company’s stock valued at $1,017,000 after buying an additional 26,953 shares during the period. Bailard Inc. purchased a new position in Weave Communications during the 2nd quarter worth $851,000. Allspring Global Investments Holdings LLC purchased a new position in Weave Communications during the 2nd quarter worth $145,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after acquiring an additional 3,228 shares during the period. 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.