Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 51,332 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 51,332 shares of Weave Communications stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $13.51, for a total value of $693,495.32. Following the transaction, the director now directly owns 306,852 shares in the company, valued at approximately $4,145,570.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Weave Communications Trading Up 0.5 %

NYSE:WEAV opened at $13.50 on Friday. Weave Communications, Inc. has a 52 week low of $6.67 and a 52 week high of $13.80. The firm has a 50-day moving average price of $11.64 and a two-hundred day moving average price of $10.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap 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 institutional investors and hedge funds have recently modified their holdings of WEAV. AXA S.A. purchased a new stake in shares of Weave Communications during the 2nd quarter valued at $11,590,000. Vanguard Group Inc. increased its holdings in Weave Communications by 10.3% during the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after buying an additional 312,392 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Weave Communications during the first quarter worth about $1,816,000. Silvercrest Asset Management Group LLC raised its position in Weave Communications by 39.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock worth $5,803,000 after acquiring an additional 143,382 shares during the period. Finally, Bailard Inc. purchased a new position in Weave Communications in the second quarter valued at about $851,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler lifted 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.

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.