Weave Communications, Inc. (NYSE:WEAV) COO Marcus Bertilson Sells 15,000 Shares

Weave Communications, Inc. (NYSE:WEAV) COO Marcus Bertilson sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $10.67, for a total value of $160,050.00. Following the transaction, the chief operating officer now directly owns 337,682 shares in the company, valued at $3,603,066.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Weave Communications Trading Down 3.5 %

Shares of Weave Communications stock opened at $10.36 on Friday. Weave Communications, Inc. has a 1-year low of $6.67 and a 1-year high of $13.80. The company’s fifty day simple moving average is $10.25 and its 200-day simple moving average is $10.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $736.48 million, a PE ratio of -24.08 and a beta of 2.09.

Hedge Funds Weigh In On Weave Communications

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC bought a new position in shares of Weave Communications in the fourth quarter worth approximately $77,000. Private Management Group Inc. bought a new position in Weave Communications in the 2nd quarter worth $90,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 acquiring an additional 3,228 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Weave Communications during the 2nd quarter valued at approximately $98,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Weave Communications by 29.2% in the fourth quarter. New York State Common Retirement Fund now owns 10,683 shares of the company’s stock worth $123,000 after buying an additional 2,415 shares in the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.