Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells 4,182 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 4,182 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46. Following the sale, the chief financial officer now directly owns 283,516 shares in the company, valued at $4,544,761.48. The trade was a 1.45 % decrease in their position. The sale 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 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 value 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 value of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The shares were sold at an average price of $14.12, for a total value of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The stock was sold at an average price of $13.25, for a total transaction 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 transaction of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total transaction 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 value of $3,812.50.

Weave Communications Trading Up 0.4 %

NYSE:WEAV traded up $0.07 during midday trading on Monday, reaching $16.19. 1,189,301 shares of the stock traded hands, compared to its average volume of 557,699. The stock has a market capitalization of $1.18 billion, a P/E ratio of -40.48 and a beta of 2.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a fifty day moving average of $14.04 and a 200 day moving average of $11.72. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $16.56.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler upped 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 increased 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 raised their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Weave Communications currently has an average rating of “Buy” and an average price target of $16.50.

Institutional Trading of Weave Communications

Several large investors have recently modified their holdings of WEAV. nVerses Capital LLC bought a new position in Weave Communications in the 3rd quarter worth $45,000. Quarry LP purchased a new position in shares of Weave Communications during the third quarter valued at about $45,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after buying an additional 3,228 shares in the last quarter. Private Management Group Inc. bought a new position in Weave Communications in the second quarter worth about $90,000. Finally, US Bancorp DE purchased a new stake in Weave Communications in the third quarter worth about $107,000. 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.