Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 37,760 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 37,760 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $14.20, for a total value of $536,192.00. Following the completion of the transaction, the director now directly owns 282,568 shares of the company’s stock, valued at approximately $4,012,465.60. The trade was a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Weave Communications Price Performance

Shares of WEAV stock opened at $13.28 on Friday. The stock has a 50 day simple moving average of $12.68 and a 200-day simple moving average of $10.69. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $14.50. The company has a quick ratio of 1.64, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Institutional Trading of Weave Communications

Institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Weave Communications during the third quarter worth approximately $45,000. US Bancorp DE purchased a new position in Weave Communications during the third quarter worth about $107,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after acquiring an additional 3,228 shares during the last quarter. Private Management Group Inc. acquired a new position in shares of Weave Communications in the 2nd quarter valued at $90,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Weave Communications during the second quarter worth about $98,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WEAV. The Goldman Sachs Group boosted their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Loop Capital upped their target price on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Piper Sandler increased their price target on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Weave Communications currently has a consensus rating of “Buy” and a consensus price target 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.