Weave Communications, Inc. (NYSE:WEAV) Director Sells $536,192.00 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 37,760 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $14.20, for a total transaction of $536,192.00. Following the sale, the director now directly owns 282,568 shares in the company, valued at $4,012,465.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Weave Communications Price Performance

Shares of WEAV stock traded down $0.41 on Wednesday, reaching $13.75. 1,274,749 shares of the company were exchanged, compared to its average volume of 498,653. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $14.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.59. The business has a 50-day moving average price of $12.63 and a 200 day moving average price of $10.67. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -34.38 and a beta of 2.08.

Institutional Investors Weigh In On Weave Communications

Several large investors have recently bought and sold shares of WEAV. nVerses Capital LLC acquired a new stake in Weave Communications during the 3rd quarter worth $45,000. Private Management Group Inc. purchased a new position in shares of Weave Communications in the second quarter worth about $90,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after buying an additional 3,228 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Weave Communications during the 2nd quarter valued at about $98,000. Finally, US Bancorp DE acquired a new stake in Weave Communications in the 3rd quarter valued at about $107,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WEAV has been the subject of a number of analyst reports. Piper Sandler upped their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Loop Capital raised their price objective on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $16.50.

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.