Blake G. Modersitzki Sells 10,029 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 10,029 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.12, for a total value of $141,609.48. Following the completion of the transaction, the director now owns 281,926 shares in the company, valued at $3,980,795.12. This represents a 3.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Weave Communications Stock Performance

Shares of NYSE WEAV traded down $0.08 during trading hours on Wednesday, hitting $14.01. 645,220 shares of the stock were exchanged, compared to its average volume of 517,202. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $14.50. The company’s 50 day moving average is $13.18 and its 200 day moving average is $10.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $1.02 billion, a P/E ratio of -35.00 and a beta of 2.08.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Weave Communications by 13.0% in the third quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after purchasing an additional 101,580 shares during the period. Barclays PLC grew its holdings in Weave Communications by 31.9% in the 3rd quarter. Barclays PLC now owns 223,503 shares of the company’s stock valued at $2,861,000 after buying an additional 54,019 shares during the last quarter. XTX Topco Ltd increased its position in Weave Communications by 429.2% in the 3rd quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock worth $717,000 after buying an additional 45,430 shares during the period. Zacks Investment Management lifted its holdings in shares of Weave Communications by 6.4% during the third quarter. Zacks Investment Management now owns 149,990 shares of the company’s stock worth $1,920,000 after buying an additional 9,074 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Weave Communications by 19.5% in the third quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after acquiring an additional 155,054 shares during the period. Institutional investors and hedge funds 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.