Weave Communications, Inc. (NYSE:WEAV) Director Sells $1,142,040.90 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 79,863 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $14.30, for a total value of $1,142,040.90. Following the completion of the transaction, the director now owns 291,070 shares in the company, valued at $4,162,301. The trade was a 21.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Weave Communications Price Performance

Shares of WEAV opened at $13.27 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The stock has a market cap of $965.67 million, a P/E ratio of -33.18 and a beta of 2.08. The stock’s 50-day moving average price is $12.74 and its two-hundred day moving average price is $10.70. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $14.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WEAV shares. Piper Sandler upped their price target on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Loop Capital boosted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $16.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in Weave Communications in the third quarter valued at about $45,000. Quarry LP bought a new position in shares of Weave Communications during the 3rd quarter valued at about $45,000. US Bancorp DE bought a new position in shares of Weave Communications during the 3rd quarter valued at about $107,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 during the period. Finally, Private Management Group Inc. bought a new stake in Weave Communications during the 2nd quarter worth approximately $90,000. Institutional investors own 86.83% of the company’s stock.

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.