Weave Communications, Inc. (NYSE:WEAV) Director Sells $108,713.50 in Stock

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) Director Blake G. Modersitzki sold 6,230 shares of Weave Communications stock in a transaction on Monday, February 10th. The shares were sold at an average price of $17.45, for a total value of $108,713.50. Following the transaction, the director now owns 188,042 shares of the company's stock, valued at $3,281,332.90. The trade was a 3.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Weave Communications Stock Performance

Weave Communications stock traded up $0.06 during mid-day trading on Friday, reaching $17.39. 826,141 shares of the stock traded hands, compared to its average volume of 742,141. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.58. The business's 50-day moving average is $16.09 and its 200-day moving average is $13.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $1.27 billion, a PE ratio of -43.46 and a beta of 1.91.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Weave Communications from $13.00 to $14.50 and gave the stock a "neutral" rating in a report on Friday, November 1st. Piper Sandler upped their price objective on Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Finally, Loop Capital boosted their price target on Weave Communications from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $16.50.

Institutional Investors Weigh In On Weave Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Weave Communications by 3.8% during the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company's stock valued at $620,000 after buying an additional 2,516 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Weave Communications by 26.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company's stock worth $144,000 after acquiring an additional 3,315 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Weave Communications during the 3rd quarter valued at $193,000. nVerses Capital LLC purchased a new stake in shares of Weave Communications in the 3rd quarter worth $45,000. Finally, Raymond James & Associates raised its holdings in Weave Communications by 66.8% in the 3rd quarter. Raymond James & Associates now owns 233,534 shares of the company's stock worth $2,989,000 after purchasing an additional 93,519 shares during the period. 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.