Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 120,551 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 120,551 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $13.90, for a total value of $1,675,658.90. Following the completion of the transaction, the director now directly owns 262,440 shares in the company, valued at $3,647,916. This trade represents a 31.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weave Communications Price Performance

Shares of WEAV opened at $13.95 on Friday. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $14.50. 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 stock has a fifty day moving average price of $13.47 and a 200 day moving average price of $11.16.

Hedge Funds Weigh In On Weave Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Weave Communications by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $38,374,000 after purchasing an additional 312,392 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Weave Communications during the 1st quarter valued at $328,000. California State Teachers Retirement System increased its holdings in Weave Communications by 6.6% in the first quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock worth $398,000 after buying an additional 2,152 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Weave Communications in the second quarter worth about $98,000. Finally, Andina Capital Management LLC bought a new position in shares of Weave Communications during the 2nd quarter worth about $179,000. 86.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.