Blake G. Modersitzki Sells 15,718 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 15,718 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $13.49, for a total transaction of $212,035.82. Following the completion of the sale, the director now directly owns 303,935 shares in the company, valued at approximately $4,100,083.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Weave Communications Stock Performance

Weave Communications stock opened at $13.50 on Friday. Weave Communications, Inc. has a 12-month low of $6.67 and a 12-month high of $13.80. The stock has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $10.40. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $960.16 million, a price-to-earnings ratio of -31.40 and a beta of 2.10.

Institutional Trading of Weave Communications

A number of hedge funds and other institutional investors have recently modified their holdings of WEAV. Silvercrest Asset Management Group LLC boosted its position in Weave Communications by 39.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock valued at $5,803,000 after buying an additional 143,382 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Weave Communications by 17.8% in the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after acquiring an additional 89,600 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Weave Communications in the first quarter worth about $1,816,000. Bailard Inc. acquired a new position in Weave Communications during the 2nd quarter valued at about $851,000. Finally, AXA S.A. bought a new position in shares of Weave Communications in the 2nd quarter valued at about $11,590,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price objective on shares of Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st.

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.