Weave Communications, Inc. (NYSE:WEAV) Director Sells $536,192.00 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 37,760 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $14.20, for a total transaction of $536,192.00. Following the completion of the transaction, the director now owns 282,568 shares of the company’s stock, valued at $4,012,465.60. This represents a 11.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Weave Communications Stock Down 0.1 %

Shares of NYSE:WEAV opened at $13.27 on Friday. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $14.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.59. The company has a 50 day moving average price of $12.74 and a 200 day moving average price of $10.70.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WEAV. nVerses Capital LLC acquired a new stake in Weave Communications during the 3rd quarter worth about $45,000. Quarry LP purchased a new position in shares of Weave Communications in the third quarter worth approximately $45,000. US Bancorp DE acquired a new stake in shares of Weave Communications during the third quarter valued at approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 valued at $90,000 after acquiring an additional 3,228 shares in the last quarter. Finally, Private Management Group Inc. acquired a new position in Weave Communications in the 2nd quarter worth approximately $90,000. Institutional investors own 86.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WEAV shares. Piper Sandler increased their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Loop Capital increased their price target on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price objective on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.