Blake G. Modersitzki Sells 74,756 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 74,756 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total value of $1,307,482.44. Following the completion of the sale, the director now directly owns 179,153 shares of the company’s stock, valued at $3,133,385.97. The trade was a 29.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Weave Communications Stock Performance

Shares of Weave Communications stock traded down $0.26 on Wednesday, reaching $17.03. 999,064 shares of the company were exchanged, compared to its average volume of 797,543. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -42.56 and a beta of 1.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The company’s 50-day moving average is $16.22 and its two-hundred day moving average is $13.79.

Institutional Investors Weigh In On Weave Communications

Several large investors have recently added to or reduced their stakes in WEAV. Aquatic Capital Management LLC bought a new position in shares of Weave Communications during the fourth quarter worth about $34,000. nVerses Capital LLC bought a new position in Weave Communications in the 3rd quarter worth about $45,000. Quarry LP acquired a new stake in shares of Weave Communications in the third quarter valued at approximately $45,000. Amundi bought a new stake in shares of Weave Communications during the fourth quarter valued at approximately $66,000. Finally, Summit Investment Advisors Inc. boosted its position in shares of Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock worth $66,000 after buying an additional 928 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on WEAV shares. Loop Capital upped their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Piper Sandler raised their price objective on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $16.50.

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.