Piper Sandler Boosts Weave Communications (NYSE:WEAV) Price Target to $17.00

Weave Communications (NYSE:WEAV) had its target price upped by Piper Sandler from $16.00 to $17.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Weave Communications Trading Down 6.4 %

NYSE:WEAV opened at $13.12 on Thursday. Weave Communications has a 12 month low of $7.76 and a 12 month high of $14.34. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $12.22 and a 200-day moving average price of $10.52. The stock has a market cap of $942.15 million, a price-to-earnings ratio of -32.80 and a beta of 2.08.

Insider Buying and Selling at Weave Communications

In related news, CFO Alan Taylor sold 3,560 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40. Following the sale, the chief financial officer now owns 525,555 shares of the company’s stock, valued at $5,460,516.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $10.67, for a total transaction of $160,050.00. Following the sale, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at approximately $3,603,066.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alan Taylor sold 3,560 shares of Weave Communications stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $10.39, for a total transaction of $36,988.40. Following the completion of the transaction, the chief financial officer now directly owns 525,555 shares of the company’s stock, valued at $5,460,516.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,248 shares of company stock valued at $1,986,355. 36.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Weave Communications

A number of hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of Weave Communications in the third quarter worth $45,000. US Bancorp DE bought a new stake in shares of Weave Communications in the third quarter worth approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Weave Communications by 48.0% during the second 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 during the last quarter. Private Management Group Inc. purchased a new stake in Weave Communications in the second quarter worth approximately $90,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Weave Communications in the 2nd quarter worth approximately $98,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

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.