Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 794 Shares

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 794 shares of Weave Communications stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $15.33, for a total transaction of $12,172.02. Following the completion of the transaction, the chief financial officer now directly owns 282,722 shares of the company’s stock, valued at approximately $4,334,128.26. This trade represents a 0.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Alan Taylor also recently made the following trade(s):

• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The shares were sold at an average price of $16.15, for a total transaction of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total value of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The stock was sold at an average price of $14.12, for a total transaction of $122,985.20.

Weave Communications Trading Up 0.9 %

Shares of Weave Communications stock traded up $0.14 during trading on Wednesday, reaching $15.73. 518,974 shares of the stock were exchanged, compared to its average volume of 784,375. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $16.56. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -39.33 and a beta of 1.92. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $14.89 and its 200 day moving average is $12.56.

Hedge Funds Weigh In On Weave Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new position in Weave Communications during the 3rd quarter valued at $45,000. Quarry LP bought a new stake in shares of Weave Communications during the 3rd quarter valued at about $45,000. US Bancorp DE bought a new stake in shares of Weave Communications during the third quarter valued at approximately $107,000. Dark Forest Capital Management LP purchased a new stake in shares of Weave Communications in the 2nd quarter worth about $134,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Weave Communications by 26.3% in the second quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company’s stock worth $144,000 after purchasing an additional 3,315 shares during the period. Institutional investors own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Piper Sandler raised 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. Loop Capital lifted their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their target price 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. One 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 company. According to MarketBeat.com, the company 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.