Weave Communications, Inc. (NYSE:WEAV) Insider Sells $17,945.76 in Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 1,308 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $13.72, for a total transaction of $17,945.76. Following the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at $7,796,005.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Branden Neish also recently made the following trade(s):

• On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The shares were sold at an average price of $13.71, for a total value of $8,911.50.

Weave Communications Stock Down 2.9 %

Shares of NYSE WEAV traded down $0.39 during midday trading on Wednesday, hitting $12.93. The company’s stock had a trading volume of 465,252 shares, compared to its average volume of 429,051. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $919.62 million, a price-to-earnings ratio of -30.00 and a beta of 2.10. The business’s fifty day simple moving average is $11.82 and its two-hundred day simple moving average is $10.40. Weave Communications, Inc. has a 1 year low of $6.67 and a 1 year high of $13.80.

Hedge Funds Weigh In On Weave Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEAV. Counterpoint Mutual Funds LLC acquired a new stake in Weave Communications in the 1st quarter valued at about $138,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in Weave Communications in the first quarter valued at approximately $137,000. Principal Financial Group Inc. purchased a new position in Weave Communications in the first quarter worth approximately $377,000. Swiss National Bank grew its holdings in Weave Communications by 14.5% during the 1st quarter. Swiss National Bank now owns 68,600 shares of the company’s stock worth $788,000 after acquiring an additional 8,700 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Weave Communications in the 1st quarter valued at approximately $156,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price objective on Weave Communications from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st.

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.