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Weave Communications, Inc. (NYSE:WEAV) Insider Sells $17,945.76 in Stock

Weave Communications logo with Computer and Technology background

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) insider Branden Neish sold 1,308 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $13.72, for a total transaction of $17,945.76. Following the transaction, the insider now directly owns 568,222 shares of the company's stock, valued at $7,796,005.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The shares were sold at an average price of $13.71, for a total value of $8,911.50.

Weave Communications Stock Down 2.9 %

Shares of NYSE WEAV traded down $0.39 during midday trading on Wednesday, hitting $12.93. The company's stock had a trading volume of 465,252 shares, compared to its average volume of 429,051. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $919.62 million, a price-to-earnings ratio of -30.00 and a beta of 2.10. The business's fifty day simple moving average is $11.82 and its two-hundred day simple moving average is $10.40. Weave Communications, Inc. has a 1 year low of $6.67 and a 1 year high of $13.80.

Hedge Funds Weigh In On Weave Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEAV. Counterpoint Mutual Funds LLC acquired a new stake in Weave Communications in the 1st quarter valued at about $138,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in Weave Communications in the first quarter valued at approximately $137,000. Principal Financial Group Inc. purchased a new position in Weave Communications in the first quarter worth approximately $377,000. Swiss National Bank grew its holdings in Weave Communications by 14.5% during the 1st quarter. Swiss National Bank now owns 68,600 shares of the company's stock worth $788,000 after acquiring an additional 8,700 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Weave Communications in the 1st quarter valued at approximately $156,000. Hedge funds and other institutional investors own 86.83% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price objective on Weave Communications from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st.

Get Our Latest Research Report on WEAV

Weave Communications Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for Weave Communications (NYSE:WEAV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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