Weave Communications, Inc. (NYSE:WEAV) Insider Branden Neish Sells 7,111 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 7,111 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.95, for a total transaction of $113,420.45. Following the completion of the sale, the insider now owns 512,122 shares in the company, valued at approximately $8,168,345.90. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, October 29th, Branden Neish sold 400 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total value of $5,484.00.
• On Monday, October 21st, Branden Neish sold 1,308 shares of Weave Communications stock. The stock was sold at an average price of $13.72, for a total value of $17,945.76.
• On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The shares were sold at an average price of $13.71, for a total transaction of $8,911.50.

Weave Communications Trading Down 2.8 %

NYSE:WEAV opened at $15.48 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.33. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -38.70 and a beta of 2.00. The business’s 50-day moving average price is $13.88 and its two-hundred day moving average price is $11.57.

Institutional Trading of Weave Communications

Several hedge funds have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC increased its holdings in Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after purchasing an additional 239,202 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Weave Communications by 13.0% in 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. Barclays PLC grew its position in Weave Communications by 31.9% in the third quarter. Barclays PLC now owns 223,503 shares of the company’s stock valued at $2,861,000 after purchasing an additional 54,019 shares in the last quarter. XTX Topco Ltd increased its stake in Weave Communications by 429.2% in the 3rd quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock valued at $717,000 after buying an additional 45,430 shares during the last quarter. Finally, Zacks Investment Management increased its position in shares of Weave Communications by 6.4% in the third quarter. Zacks Investment Management now owns 149,990 shares of the company’s stock valued at $1,920,000 after acquiring an additional 9,074 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

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