Weave Communications (NYSE:WEAV) Sets New 1-Year High - What's Next?

Weave Communications, Inc. (NYSE:WEAV - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $14.59 and last traded at $14.49, with a volume of 789089 shares traded. The stock had previously closed at $13.95.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price target on Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Loop Capital increased their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, 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. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $16.50.

Weave Communications Trading Up 4.2 %

The stock has a fifty day simple moving average of $13.47 and a 200 day simple moving average of $11.16. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Insider Buying and Selling at Weave Communications

In related news, CFO Alan Taylor sold 13,295 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $11.03, for a total value of $146,643.85. Following the completion of the transaction, the chief financial officer now owns 475,941 shares of the company's stock, valued at approximately $5,249,629.23. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Blake G. Modersitzki sold 120,551 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $13.90, for a total value of $1,675,658.90. Following the completion of the sale, the director now directly owns 262,440 shares of the company's stock, valued at $3,647,916. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 610,792 shares of company stock worth $8,433,068. Insiders own 36.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. nVerses Capital LLC purchased a new position in Weave Communications in the 3rd quarter worth about $45,000. Quarry LP purchased a new position in shares of Weave Communications during the third quarter worth approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company's stock valued at $90,000 after acquiring an additional 3,228 shares in the last quarter. Private Management Group Inc. purchased a new stake in shares of Weave Communications in the second quarter valued at approximately $90,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Weave Communications in the second quarter worth approximately $98,000. 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.

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.