Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 44,245 Shares

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 44,245 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.98, for a total transaction of $707,035.10. Following the completion of the transaction, the chief financial officer now directly owns 301,734 shares in the company, valued at approximately $4,821,709.32. The trade was a 12.79 % 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.

Alan Taylor also recently made the following trade(s):

• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The stock was sold at an average price of $14.12, for a total value of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The shares were sold at an average price of $13.25, for a total value of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total value of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total value of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total transaction of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The shares were sold at an average price of $12.50, for a total transaction of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The shares were sold at an average price of $12.58, for a total transaction of $308,197.42.

Weave Communications Stock Down 2.8 %

Shares of NYSE WEAV traded down $0.44 during trading hours on Wednesday, hitting $15.48. The company had a trading volume of 865,506 shares, compared to its average volume of 545,912. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.33. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $13.88 and its 200-day moving average is $11.57. The stock has a market capitalization of $1.13 billion, a P/E ratio of -38.70 and a beta of 2.00.

Institutional Trading of Weave Communications

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Weave Communications during the 3rd quarter worth approximately $45,000. Quarry LP bought a new position in Weave Communications during the third quarter worth $45,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 valued at $90,000 after purchasing an additional 3,228 shares during the last quarter. Private Management Group Inc. bought a new position in shares of Weave Communications in the second quarter valued at about $90,000. Finally, US Bancorp DE acquired a new stake in shares of Weave Communications during the 3rd quarter worth about $107,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WEAV shares. Piper Sandler lifted their target price on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Loop Capital lifted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $16.50.

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.