Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 92,930 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 92,930 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $15.47, for a total transaction of $1,437,627.10. Following the completion of the transaction, the director now directly owns 207,979 shares of the company’s stock, valued at $3,217,435.13. This represents a 30.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Weave Communications Stock Performance

Shares of WEAV opened at $15.46 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $15.93. The company’s fifty day moving average is $13.77 and its 200-day moving average is $11.43.

Hedge Funds Weigh In On Weave Communications

Several institutional investors have recently bought and sold shares of WEAV. California State Teachers Retirement System increased its holdings in shares of Weave Communications by 6.6% during the 1st quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock valued at $398,000 after acquiring an additional 2,152 shares during the last quarter. Raymond James & Associates grew its position in shares of Weave Communications by 102.2% in the second quarter. Raymond James & Associates now owns 140,015 shares of the company’s stock valued at $1,263,000 after purchasing an additional 70,771 shares during the last quarter. Crescent Grove Advisors LLC grew its holdings in Weave Communications by 223.1% in the 2nd quarter. Crescent Grove Advisors LLC now owns 63,930 shares of the company’s stock valued at $577,000 after buying an additional 44,143 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Weave Communications by 31.4% in the second quarter. Bank of New York Mellon Corp now owns 112,804 shares of the company’s stock valued at $1,017,000 after acquiring an additional 26,953 shares during the period. Finally, Bailard Inc. bought a new stake in Weave Communications in the 2nd quarter valued at $851,000. 86.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WEAV has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Piper Sandler lifted their target price on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Loop Capital increased their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Weave Communications has a consensus rating of “Buy” and a consensus target price of $16.50.

Weave Communications Company Profile

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.