Weave Communications, Inc. (NYSE:WEAV) Director Sells $95,713.25 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 5,485 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $17.45, for a total value of $95,713.25. Following the completion of the transaction, the director now directly owns 188,441 shares in the company, valued at $3,288,295.45. This represents a 2.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Weave Communications Trading Up 1.1 %

Weave Communications stock opened at $17.33 on Friday. The company’s fifty day simple moving average is $16.04 and its 200-day simple moving average is $13.58. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $17.48. The stock has a market cap of $1.26 billion, a P/E ratio of -43.32 and a beta of 1.91.

Analyst Ratings Changes

Several research firms have issued reports on WEAV. The Goldman Sachs Group upped their price target on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Piper Sandler boosted their target price on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Loop Capital boosted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One investment 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.com, Weave Communications currently has an average rating of “Buy” and a consensus target price of $16.50.

Institutional Investors Weigh In On Weave Communications

A number of large investors have recently bought and sold shares of WEAV. nVerses Capital LLC bought a new stake in Weave Communications in the third quarter worth $45,000. Quarry LP bought a new stake in Weave Communications in the third quarter worth $45,000. Amundi bought a new stake in Weave Communications in the fourth quarter worth $66,000. Ameritas Investment Partners Inc. boosted its holdings in Weave Communications by 28.9% in the fourth quarter. Ameritas Investment Partners Inc. now owns 4,143 shares of the company’s stock worth $66,000 after purchasing an additional 928 shares in the last quarter. Finally, US Bancorp DE bought a new stake in Weave Communications in the third quarter worth $107,000. 86.83% of the stock is currently owned by institutional investors.

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.