Weave Communications (NYSE:WEAV – Free Report) had its price target raised by The Goldman Sachs Group from $13.00 to $14.50 in a research report report published on Friday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.
A number of other research firms have also weighed in on WEAV. Piper Sandler raised their target price on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday. Loop Capital raised their price target on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $16.50.
Read Our Latest Research Report on WEAV
Weave Communications Price Performance
Insider Activity at Weave Communications
In other news, COO Marcus Bertilson sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total value of $160,050.00. Following the completion of the sale, the chief operating officer now directly owns 337,682 shares in the company, valued at $3,603,066.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Alan Taylor sold 13,295 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $11.03, for a total value of $146,643.85. Following the transaction, the chief financial officer now owns 475,941 shares of the company’s stock, valued at $5,249,629.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Marcus Bertilson sold 15,000 shares of Weave Communications stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $10.67, for a total transaction of $160,050.00. Following the completion of the sale, the chief operating officer now owns 337,682 shares of the company’s stock, valued at $3,603,066.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,248 shares of company stock worth $1,986,355. 36.30% of the stock is owned by corporate insiders.
Institutional Trading of Weave Communications
A number of large investors have recently modified their holdings of WEAV. nVerses Capital LLC purchased a new position in Weave Communications during the 3rd quarter worth approximately $45,000. US Bancorp DE acquired a new stake in shares of Weave Communications during the 3rd quarter valued at approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after purchasing an additional 3,228 shares in the last quarter. Private Management Group Inc. acquired a new position in shares of Weave Communications during the 2nd quarter worth $90,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Weave Communications during the second quarter worth about $98,000. 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.
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