Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 44,245 Shares

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 44,245 shares of Weave Communications stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.98, for a total transaction of $707,035.10. Following the transaction, the chief financial officer now directly owns 301,734 shares in the company, valued at approximately $4,821,709.32. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The stock was sold at an average price of $13.25, for a total value of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total transaction of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total transaction of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total transaction of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The shares were sold at an average price of $12.50, for a total transaction of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The stock was sold at an average price of $12.58, for a total value of $308,197.42.

Weave Communications Stock Down 2.8 %

Weave Communications stock opened at $15.48 on Thursday. The business’s 50-day moving average price is $13.88 and its 200 day moving average price is $11.57. 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 firm has a market cap of $1.13 billion, a price-to-earnings ratio of -38.70 and a beta of 2.00. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $16.33.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WEAV. The Goldman Sachs Group increased their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Piper Sandler increased their price target on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Loop Capital lifted their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Weave Communications presently has an average rating of “Buy” and an average target price of $16.50.

Institutional Investors Weigh In On Weave Communications

Several hedge funds have recently bought and sold shares of WEAV. nVerses Capital LLC acquired a new stake in shares of Weave Communications during the 3rd quarter valued at about $45,000. Quarry LP purchased a new position in Weave Communications during the third quarter worth approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after purchasing an additional 3,228 shares in the last quarter. Private Management Group Inc. acquired a new stake in Weave Communications in the second quarter valued at approximately $90,000. Finally, US Bancorp DE purchased a new stake in shares of Weave Communications in the third quarter valued at approximately $107,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

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.