Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells $308,197.42 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 24,499 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $12.58, for a total transaction of $308,197.42. Following the completion of the sale, the chief financial officer now directly owns 451,442 shares of the company’s stock, valued at approximately $5,679,140.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, September 17th, Alan Taylor sold 13,295 shares of Weave Communications stock. The shares were sold at an average price of $11.03, for a total transaction of $146,643.85.
• On Friday, September 13th, Alan Taylor sold 3,560 shares of Weave Communications stock. The stock was sold at an average price of $10.39, for a total transaction of $36,988.40.

Weave Communications Stock Up 0.7 %

Shares of WEAV opened at $12.11 on Thursday. The company’s 50-day moving average price is $10.76 and its 200 day moving average price is $10.23. Weave Communications, Inc. has a 12-month low of $6.67 and a 12-month high of $13.80. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market cap of $869.26 million, a P/E ratio of -28.15 and a beta of 2.09.

Institutional Investors Weigh In On Weave Communications

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in shares of Weave Communications during the 4th quarter worth approximately $77,000. Private Management Group Inc. purchased a new position in shares of Weave Communications during the second quarter worth $90,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after buying an additional 3,228 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Weave Communications in the 2nd quarter valued at $98,000. Finally, Dark Forest Capital Management LP acquired a new position in Weave Communications during the 2nd quarter worth about $134,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.