Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Insider Sells 1,308 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 1,308 shares of Weave Communications stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $13.72, for a total value of $17,945.76. Following the completion of the sale, the insider now owns 568,222 shares of the company’s stock, valued at approximately $7,796,005.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Branden Neish also recently made the following trade(s):

• On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total transaction of $8,911.50.

Weave Communications Trading Down 3.0 %

Shares of NYSE:WEAV opened at $12.93 on Thursday. Weave Communications, Inc. has a 52-week low of $6.67 and a 52-week high of $13.80. The business’s 50 day simple moving average is $11.86 and its two-hundred day simple moving average is $10.42. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on shares of Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st.

Hedge Funds Weigh In On Weave Communications

A number of large investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in Weave Communications during the first quarter worth $138,000. Edmonds Duncan Registered Investment Advisors LLC bought a new stake in shares of Weave Communications during the first quarter worth about $137,000. Principal Financial Group Inc. acquired a new stake in shares of Weave Communications in the 1st quarter worth about $377,000. Swiss National Bank lifted its position in Weave Communications by 14.5% in the 1st quarter. Swiss National Bank now owns 68,600 shares of the company’s stock valued at $788,000 after acquiring an additional 8,700 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Weave Communications during the 1st quarter valued at about $156,000. 86.83% of the stock is currently owned by institutional investors.

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.