Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 41,991 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 41,991 shares of Weave Communications stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $17.48, for a total value of $734,002.68. Following the transaction, the director now directly owns 183,937 shares in the company, valued at approximately $3,215,218.76. The trade was a 18.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Weave Communications Stock Down 1.5 %

Shares of Weave Communications stock opened at $17.03 on Thursday. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $17.63. The stock has a fifty day moving average price of $16.22 and a 200-day moving average price of $13.79. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WEAV shares. Piper Sandler increased their price target on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price target on 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 increased their price target on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $16.50.

Institutional Investors Weigh In On Weave Communications

Several large investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Weave Communications by 5.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company’s stock valued at $174,000 after purchasing an additional 597 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Weave Communications by 2.6% during the 4th quarter. MetLife Investment Management LLC now owns 24,387 shares of the company’s stock valued at $388,000 after purchasing an additional 620 shares during the last quarter. US Bancorp DE grew its stake in shares of Weave Communications by 8.4% during the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after acquiring an additional 703 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Weave Communications by 28.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock worth $66,000 after acquiring an additional 928 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Weave Communications by 0.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock worth $2,383,000 after acquiring an additional 937 shares during the period. 86.83% of the stock is owned by hedge funds and other institutional investors.

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.