Blake G. Modersitzki Sells 37,760 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 37,760 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $14.20, for a total value of $536,192.00. Following the completion of the sale, the director now directly owns 282,568 shares in the company, valued at approximately $4,012,465.60. This represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Weave Communications Trading Down 3.4 %

Weave Communications stock opened at $13.28 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $12.68 and its 200-day moving average price is $10.69. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $14.50.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WEAV shares. Loop Capital raised their price target 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. Piper Sandler raised their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. One 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.50.

Institutional Trading of Weave Communications

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AXA S.A. bought a new stake in Weave Communications in the 2nd quarter worth approximately $11,590,000. Wasatch Advisors LP boosted its stake in shares of Weave Communications by 40.9% during the 3rd quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock worth $48,139,000 after purchasing an additional 1,091,028 shares during the period. Pathway Capital Management LP purchased a new position in shares of Weave Communications during the third quarter valued at approximately $7,308,000. Vanguard Group Inc. grew its position in Weave Communications by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $38,374,000 after acquiring an additional 312,392 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Weave Communications in the 1st quarter worth about $1,816,000. 86.83% of the stock is currently 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.