Alan Taylor Sells 12,044 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 12,044 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $16.15, for a total value of $194,510.60. Following the transaction, the chief financial officer now owns 287,798 shares in the company, valued at $4,647,937.70. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Alan Taylor also recently made the following trade(s):

• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total value of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The stock was sold at an average price of $14.12, for a total transaction of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The shares were sold at an average price of $13.25, for a total transaction of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total transaction of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total transaction of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total value of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The shares were sold at an average price of $12.50, for a total value of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The shares were sold at an average price of $12.58, for a total value of $308,197.42.

Weave Communications Price Performance

Shares of NYSE WEAV opened at $15.61 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.33. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -39.03 and a beta of 2.00. The business has a 50-day moving average of $13.93 and a 200-day moving average of $11.59.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Weave Communications

Institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in shares of Weave Communications during the third quarter valued at approximately $45,000. Quarry LP purchased a new stake in Weave Communications during the 3rd quarter worth $45,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Weave Communications by 48.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after buying an additional 3,228 shares during the period. Private Management Group Inc. acquired a new position in Weave Communications in the 2nd quarter worth $90,000. Finally, US Bancorp DE purchased a new position in Weave Communications in the 3rd quarter valued at about $107,000. Hedge funds and other 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.