Alan Taylor Sells 22,356 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 22,356 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $13.00, for a total transaction of $290,628.00. Following the completion of the sale, the chief financial officer now directly owns 424,485 shares of the company’s stock, valued at $5,518,305. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total value of $34,294.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The shares were sold at an average price of $13.05, for a total value of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The stock was sold at an average price of $12.50, for a total value of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The stock was sold at an average price of $12.58, for a total transaction of $308,197.42.
• On Tuesday, September 17th, Alan Taylor sold 13,295 shares of Weave Communications stock. The stock was sold at an average price of $11.03, for a total transaction of $146,643.85.
• On Friday, September 13th, Alan Taylor sold 3,560 shares of Weave Communications stock. The stock was sold at an average price of $10.39, for a total transaction of $36,988.40.

Weave Communications Trading Down 1.1 %

Shares of Weave Communications stock opened at $13.11 on Friday. The firm has a market capitalization of $941.43 million, a PE ratio of -30.49 and a beta of 2.10. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $11.34 and its 200 day moving average is $10.32. Weave Communications, Inc. has a 1 year low of $6.67 and a 1 year high of $13.80.

Analysts Set New Price Targets

Separately, Piper Sandler upped their target price on Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Private Management Group Inc. acquired a new position in shares of Weave Communications in the second quarter valued at approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after acquiring an additional 3,228 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Weave Communications during the second quarter worth $98,000. Dark Forest Capital Management LP bought a new stake in shares of Weave Communications in the second quarter worth $134,000. Finally, Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in Weave Communications in the first quarter valued at $137,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

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.