Weave Communications, Inc. (NYSE:WEAV) Director Sells $18,014.75 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 1,205 shares of Weave Communications stock in a transaction on Monday, December 9th. The shares were sold at an average price of $14.95, for a total value of $18,014.75. Following the transaction, the director now owns 244,538 shares in the company, valued at $3,655,843.10. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Weave Communications Stock Up 1.0 %

Shares of Weave Communications stock traded up $0.15 during trading on Tuesday, hitting $14.94. 1,121,922 shares of the stock traded hands, compared to its average volume of 531,245. The stock has a market cap of $1.09 billion, a P/E ratio of -36.98 and a beta of 2.00. The company has a fifty day moving average price of $13.55 and a two-hundred day moving average price of $11.28. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $15.23. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59.

Institutional Trading of Weave Communications

A number of institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its holdings in Weave Communications by 40.9% during the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock valued at $48,139,000 after buying an additional 1,091,028 shares in the last quarter. AXA S.A. acquired a new position in shares of Weave Communications during the 2nd quarter valued at about $11,590,000. State Street Corp raised its stake in shares of Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after acquiring an additional 155,054 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Weave Communications by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after purchasing an additional 101,580 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Weave Communications by 17.8% during the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock worth $5,353,000 after purchasing an additional 89,600 shares during the period. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on WEAV shares. Loop Capital lifted their target price on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Piper Sandler increased their target price 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. One 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, Weave Communications presently has an average rating of “Buy” and an average target price of $16.50.

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.