Weave Communications, Inc. (NYSE:WEAV - Get Free Report) Director Blake G. Modersitzki sold 15,718 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $13.49, for a total transaction of $212,035.82. Following the completion of the transaction, the director now directly owns 303,935 shares of the company's stock, valued at approximately $4,100,083.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Weave Communications Trading Up 0.5 %
NYSE WEAV traded up $0.07 during trading hours on Friday, hitting $13.50. The company's stock had a trading volume of 363,561 shares, compared to its average volume of 426,317. The stock has a fifty day moving average of $11.64 and a 200 day moving average of $10.39. Weave Communications, Inc. has a twelve month low of $6.67 and a twelve month high of $13.80. The firm has a market capitalization of $960.16 million, a P/E ratio of -31.40 and a beta of 2.10. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09.
Hedge Funds Weigh In On Weave Communications
Several large investors have recently bought and sold shares of WEAV. nVerses Capital LLC bought a new stake in Weave Communications in the third quarter valued at approximately $45,000. Private Management Group Inc. bought a new stake in Weave Communications in the second quarter valued at approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company's stock valued at $90,000 after purchasing an additional 3,228 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Weave Communications during the second quarter worth $98,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Weave Communications during the second quarter worth $134,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Piper Sandler boosted their price target on shares of Weave Communications from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st.
Check Out Our Latest Analysis on Weave Communications
About Weave Communications
(
Get Free Report)
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.
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