Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 121,148 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) Director Blake G. Modersitzki sold 121,148 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $14.05, for a total value of $1,702,129.40. Following the completion of the transaction, the director now directly owns 296,182 shares in the company, valued at approximately $4,161,357.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Weave Communications Price Performance

WEAV stock traded down $0.11 during trading on Monday, reaching $13.01. The company's stock had a trading volume of 1,156,533 shares, compared to its average volume of 467,384. Weave Communications, Inc. has a 1 year low of $7.76 and a 1 year high of $14.34. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $934.29 million, a P/E ratio of -32.53 and a beta of 2.08. The company's fifty day moving average is $12.22 and its 200-day moving average is $10.51.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Weave Communications from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday. The Goldman Sachs Group raised their target price on Weave Communications from $13.00 to $14.50 and gave the stock a "neutral" rating in a report on Friday. Finally, Loop Capital raised their target price on Weave Communications from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday. One equities research 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $16.50.

Institutional Investors Weigh In On Weave Communications

Institutional investors have recently bought and sold shares of the business. AXA S.A. purchased a new position in shares of Weave Communications during the second quarter valued at about $11,590,000. Vanguard Group Inc. lifted its holdings in shares of Weave Communications by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company's stock valued at $38,374,000 after acquiring an additional 312,392 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Weave Communications in the first quarter worth about $1,816,000. Harbor Capital Advisors Inc. bought a new stake in Weave Communications in the third quarter worth about $1,904,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in Weave Communications by 39.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company's stock worth $5,803,000 after purchasing an additional 143,382 shares during the last quarter. Hedge funds and other institutional investors 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.

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