Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 79,863 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 79,863 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $14.30, for a total value of $1,142,040.90. Following the completion of the transaction, the director now directly owns 291,070 shares in the company, valued at $4,162,301. The trade was a 21.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Weave Communications Price Performance

WEAV opened at $13.28 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 50 day simple moving average of $12.68 and a two-hundred day simple moving average of $10.69. The company has a current ratio of 1.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WEAV shares. 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. Loop Capital lifted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group upped 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 investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $16.50.

Institutional Investors Weigh In On Weave Communications

A number of institutional investors have recently bought and sold shares of WEAV. AXA S.A. bought a new position in shares of Weave Communications in the second quarter worth about $11,590,000. Wasatch Advisors LP lifted its holdings in Weave Communications by 40.9% in 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 in the last quarter. Pathway Capital Management LP bought a new stake in shares of Weave Communications during the third quarter valued at approximately $7,308,000. Vanguard Group Inc. lifted its holdings in shares of Weave Communications by 10.3% in the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after buying an additional 312,392 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Weave Communications during the first quarter worth $1,816,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

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.