Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells $36,988.40 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 3,560 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $10.39, for a total value of $36,988.40. Following the completion of the transaction, the chief financial officer now owns 525,555 shares of the company’s stock, valued at $5,460,516.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Weave Communications Price Performance

WEAV opened at $11.13 on Thursday. Weave Communications, Inc. has a 1 year low of $6.67 and a 1 year high of $13.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. The company’s 50 day simple moving average is $10.50 and its 200 day simple moving average is $10.23. The stock has a market capitalization of $799.25 million, a PE ratio of -25.88 and a beta of 2.09.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price on Weave Communications from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st.

Hedge Funds Weigh In On Weave Communications

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC acquired a new stake in shares of Weave Communications during the 4th quarter worth $77,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after acquiring an additional 3,228 shares during the period. Private Management Group Inc. acquired a new stake in Weave Communications during the second quarter worth about $90,000. New York State Common Retirement Fund raised its holdings in shares of Weave Communications by 29.2% in the 4th quarter. New York State Common Retirement Fund now owns 10,683 shares of the company’s stock worth $123,000 after purchasing an additional 2,415 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Weave Communications in the 2nd quarter valued at about $98,000. Institutional investors and hedge funds 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.