Weave Communications, Inc. (NYSE:WEAV) Director Sells $18,014.75 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 1,205 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $14.95, for a total transaction of $18,014.75. Following the sale, the director now owns 244,538 shares in the company, valued at approximately $3,655,843.10. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Weave Communications Stock Up 0.9 %

Shares of NYSE WEAV opened at $15.54 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $15.93. The firm has a 50 day moving average of $13.72 and a 200 day moving average of $11.38.

Analyst Ratings Changes

A number of research firms recently weighed in on WEAV. The Goldman Sachs Group raised their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Piper Sandler lifted their target price on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Loop Capital lifted their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research 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 stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $16.50.

Hedge Funds Weigh In On Weave Communications

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP grew its stake in shares of Weave Communications by 40.9% during the 3rd quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock valued at $48,139,000 after acquiring an additional 1,091,028 shares during the period. AXA S.A. bought a new position in Weave Communications in the 2nd quarter worth $11,590,000. State Street Corp raised its holdings in Weave Communications by 19.5% during the third quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after acquiring an additional 155,054 shares during the period. Geode Capital Management LLC grew its position in shares of Weave Communications by 13.0% during the third quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after purchasing an additional 101,580 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Weave Communications by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock worth $5,353,000 after purchasing an additional 89,600 shares in the last quarter. 86.83% of the stock is currently owned by hedge funds and other 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.