Blake G. Modersitzki Sells 92,930 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 92,930 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $15.47, for a total value of $1,437,627.10. Following the completion of the transaction, the director now owns 207,979 shares of the company’s stock, valued at $3,217,435.13. The trade was a 30.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Weave Communications Stock Down 0.6 %

NYSE:WEAV opened at $15.46 on Friday. The company’s 50-day moving average price is $13.77 and its two-hundred day moving average price is $11.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $15.93.

Institutional Investors Weigh In On Weave Communications

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in Weave Communications by 6.6% in the 1st quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock valued at $398,000 after purchasing an additional 2,152 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Weave Communications by 102.2% in the second quarter. Raymond James & Associates now owns 140,015 shares of the company’s stock valued at $1,263,000 after buying an additional 70,771 shares during the last quarter. Crescent Grove Advisors LLC lifted its position in Weave Communications by 223.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 63,930 shares of the company’s stock worth $577,000 after buying an additional 44,143 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Weave Communications by 31.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 112,804 shares of the company’s stock worth $1,017,000 after acquiring an additional 26,953 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Weave Communications in the 2nd quarter valued at about $851,000. 86.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.