Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 5,485 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) Director Blake G. Modersitzki sold 5,485 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $17.45, for a total value of $95,713.25. Following the completion of the transaction, the director now directly owns 188,441 shares of the company's stock, valued at approximately $3,288,295.45. This trade represents a 2.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Weave Communications Price Performance

Shares of WEAV traded up $0.06 during mid-day trading on Friday, hitting $17.39. 826,141 shares of the stock were exchanged, compared to its average volume of 742,141. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $1.27 billion, a PE ratio of -43.46 and a beta of 1.91. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $17.58. The firm has a 50-day moving average of $16.09 and a two-hundred day moving average of $13.63.

Analyst Ratings Changes

A number of research firms recently commented on WEAV. 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. Loop Capital upped their target price 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. Finally, The Goldman Sachs Group lifted their price target 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 investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $16.50.

Institutional Investors Weigh In On Weave Communications

A number of hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP grew its stake in shares of Weave Communications by 38.4% in the 4th quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock worth $82,874,000 after buying an additional 1,444,828 shares in the last quarter. Vanguard Group Inc. grew its position in Weave Communications by 23.5% in the fourth quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock worth $72,220,000 after acquiring an additional 863,547 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Weave Communications by 202.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company's stock worth $26,280,000 after acquiring an additional 1,105,728 shares during the last quarter. Pathway Capital Management LP raised its position in Weave Communications by 136.3% during the fourth quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company's stock valued at $21,482,000 after purchasing an additional 778,413 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Weave Communications by 26.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,100,179 shares of the company's stock valued at $17,515,000 after purchasing an additional 226,768 shares during the last quarter. Hedge funds and other institutional investors 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.