Weave Communications, Inc. (NYSE:WEAV) CFO Sells $707,035.10 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 44,245 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $15.98, for a total value of $707,035.10. Following the sale, the chief financial officer now owns 301,734 shares in the company, valued at approximately $4,821,709.32. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Alan Taylor also recently made the following trade(s):

• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The stock was sold at an average price of $16.15, for a total value of $194,510.60.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The stock was sold at an average price of $14.12, for a total transaction of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The shares were sold at an average price of $13.25, for a total transaction of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total transaction of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total transaction of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total value of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The shares were sold at an average price of $12.50, for a total value of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The stock was sold at an average price of $12.58, for a total value of $308,197.42.

Weave Communications Trading Up 3.3 %

Shares of WEAV stock opened at $16.12 on Friday. The stock has a 50 day simple moving average of $13.98 and a 200-day simple moving average of $11.62. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.33. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -40.30 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.

Hedge Funds Weigh In On Weave Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in shares of Weave Communications by 139.0% during the third quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock valued at $1,149,000 after acquiring an additional 52,210 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Weave Communications by 37.7% during the third 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 in the last quarter. Geode Capital Management LLC raised its stake in Weave Communications by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock valued at $11,308,000 after purchasing an additional 101,580 shares during the last quarter. Barclays PLC lifted its holdings in Weave Communications by 31.9% in the 3rd quarter. Barclays PLC now owns 223,503 shares of the company’s stock valued at $2,861,000 after purchasing an additional 54,019 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in Weave Communications by 429.2% during the 3rd quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock worth $717,000 after purchasing an additional 45,430 shares during the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WEAV has been the topic of several recent research reports. Loop Capital upped their price objective on 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 increased 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. Finally, The Goldman Sachs Group lifted 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $16.50.

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.