Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 12,044 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 12,044 shares of Weave Communications stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $16.15, for a total transaction of $194,510.60. Following the completion of the transaction, the chief financial officer now owns 287,798 shares in the company, valued at approximately $4,647,937.70. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The stock was sold at an average price of $15.98, for a total transaction of $707,035.10.
• 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 transaction 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 transaction 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 shares were sold at an average price of $13.05, for a total value 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 stock was sold at an average price of $12.58, for a total transaction of $308,197.42.

Weave Communications Price Performance

WEAV stock opened at $15.61 on Friday. The stock’s 50 day moving average price is $13.93 and its 200 day moving average price is $11.59. The firm has a market cap of $1.14 billion, a P/E ratio of -39.03 and a beta of 2.00. 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 1 year low of $8.10 and a 1 year high of $16.33.

Institutional Trading of Weave Communications

Several institutional investors and hedge funds have recently made changes to their positions in WEAV. Principal Financial Group Inc. increased its position in Weave Communications by 139.0% during the 3rd quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock worth $1,149,000 after purchasing an additional 52,210 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Weave Communications by 37.7% during the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after buying an additional 239,202 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Weave Communications by 13.0% during the third quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after buying an additional 101,580 shares in the last quarter. Barclays PLC raised its position in shares of Weave Communications by 31.9% in the third 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. Finally, XTX Topco Ltd lifted its stake in shares of Weave Communications by 429.2% during the third quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock valued at $717,000 after buying an additional 45,430 shares during the period. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WEAV has been the subject of several research analyst reports. Loop Capital raised their price objective on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price target 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, Piper Sandler boosted their price objective on shares of 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.