Weave Communications, Inc. (NYSE:WEAV) CFO Sells $194,510.60 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 12,044 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $16.15, for a total value of $194,510.60. Following the completion of the sale, the chief financial officer now directly owns 287,798 shares of the company’s stock, valued at approximately $4,647,937.70. This represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total transaction of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The stock was sold at an average price of $14.12, for a total transaction of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The shares were sold at an average price of $13.25, for a total value of $11,805.75.
• 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 Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total value of $290,628.00.
• 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 transaction of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The shares were sold at an average price of $12.58, for a total transaction of $308,197.42.

Weave Communications Stock Performance

Shares of WEAV opened at $16.12 on Friday. The company has a 50-day simple moving average of $14.04 and a two-hundred day simple moving average of $11.67. 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 firm has a market capitalization of $1.17 billion, a PE ratio of -40.30 and a beta of 2.00. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $16.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Weave Communications in the third quarter worth $45,000. Quarry LP bought a new stake in shares of Weave Communications during the 3rd quarter valued at $45,000. US Bancorp DE purchased a new stake in shares of Weave Communications in the 3rd quarter worth about $107,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after acquiring an additional 3,228 shares in the last quarter. Finally, Private Management Group Inc. purchased a new position in Weave Communications during the 2nd quarter valued at about $90,000. Institutional investors own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WEAV. Piper Sandler upped their price objective 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. Loop Capital upped their price target on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weave Communications presently has an average rating of “Buy” and an average target price 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.