Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 6,230 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 6,230 shares of Weave Communications stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $17.45, for a total transaction of $108,713.50. Following the sale, the director now owns 188,042 shares of the company’s stock, valued at approximately $3,281,332.90. This represents a 3.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Weave Communications Trading Down 0.8 %

NYSE WEAV traded down $0.15 during trading on Tuesday, reaching $17.30. 659,054 shares of the stock traded hands, compared to its average volume of 792,924. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -43.24 and a beta of 1.91. The stock’s 50-day moving average price is $15.91 and its 200 day moving average price is $13.53. 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 fifty-two week low of $8.10 and a fifty-two week high of $17.48.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WEAV. US Bancorp DE lifted its position in shares of Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after purchasing an additional 703 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Weave Communications by 0.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock worth $2,383,000 after acquiring an additional 937 shares in the last quarter. Truvestments Capital LLC raised its position in Weave Communications by 4.9% during the fourth quarter. Truvestments Capital LLC now owns 24,576 shares of the company’s stock worth $391,000 after acquiring an additional 1,154 shares in the last quarter. Swiss National Bank raised its position in Weave Communications by 2.9% during the fourth quarter. Swiss National Bank now owns 70,600 shares of the company’s stock worth $1,124,000 after acquiring an additional 2,000 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Weave Communications by 3.8% during the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock worth $620,000 after acquiring an additional 2,516 shares in the last quarter. Institutional investors own 86.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on WEAV shares. 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 report on Friday, November 1st. Piper Sandler lifted their price target on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Loop Capital lifted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.