Alan Taylor Sells 789 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 789 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $17.01, for a total transaction of $13,420.89. Following the completion of the transaction, the chief financial officer now directly owns 281,137 shares of the company’s stock, valued at approximately $4,782,140.37. The trade was a 0.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alan Taylor also recently made the following trade(s):

• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The shares were sold at an average price of $15.33, for a total transaction of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The shares were sold at an average price of $16.15, for a total transaction of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The stock was sold at an average price of $15.98, for a total transaction of $707,035.10.

Weave Communications Stock Down 1.5 %

WEAV opened at $17.03 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The company’s 50-day moving average is $16.22 and its 200 day moving average is $13.79. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The firm has a market capitalization of $1.24 billion, a P/E ratio of -42.56 and a beta of 1.91.

Analyst Ratings Changes

Several research firms have recently weighed in on WEAV. Piper Sandler increased their price objective 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. The Goldman Sachs Group raised their price target 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 lifted their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have assigned 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 an average price target of $16.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new position in shares of Weave Communications during the fourth quarter valued at about $34,000. nVerses Capital LLC bought a new position in shares of Weave Communications during the third quarter valued at about $45,000. Quarry LP bought a new position in shares of Weave Communications during the third quarter valued at about $45,000. Summit Investment Advisors Inc. raised its position in Weave Communications by 28.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock worth $66,000 after acquiring an additional 928 shares during the period. Finally, Amundi bought a new stake in Weave Communications in the fourth quarter worth about $66,000. 86.83% of the stock is 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.