Weave Communications (NYSE:WEAV) Reaches New 12-Month High – Should You Buy?

Weave Communications, Inc. (NYSE:WEAV) hit a new 52-week high on Friday . The stock traded as high as $14.34 and last traded at $14.23, with a volume of 683726 shares changing hands. The stock had previously closed at $14.00.

Analyst Ratings Changes

A number of analysts have commented on WEAV shares. Loop Capital lifted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Piper Sandler upped their price objective on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $16.50.

Weave Communications Trading Up 1.3 %

The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $12.45 and its two-hundred day moving average price is $10.61.

Insiders Place Their Bets

In other Weave Communications news, CFO Alan Taylor sold 8,710 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $14.12, for a total value of $122,985.20. Following the completion of the sale, the chief financial officer now directly owns 392,085 shares in the company, valued at $5,536,240.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Alan Taylor sold 8,710 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.12, for a total value of $122,985.20. Following the completion of the transaction, the chief financial officer now owns 392,085 shares in the company, valued at $5,536,240.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the sale, the chief operating officer now owns 337,682 shares in the company, valued at approximately $3,603,066.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 286,106 shares of company stock worth $3,811,470. Corporate insiders own 36.30% of the company’s stock.

Institutional Trading of Weave Communications

A number of institutional investors have recently modified their holdings of WEAV. Vanguard Group Inc. raised its position in Weave Communications by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $38,374,000 after buying an additional 312,392 shares during the last quarter. AXA S.A. acquired a new stake in Weave Communications in the 2nd quarter valued at $11,590,000. Acadian Asset Management LLC lifted its position in Weave Communications by 1.0% during the 1st quarter. Acadian Asset Management LLC now owns 784,270 shares of the company’s stock worth $9,002,000 after buying an additional 7,511 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Weave Communications by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock worth $5,353,000 after buying an additional 89,600 shares during the last quarter. Finally, Pathway Capital Management LP acquired a new position in shares of Weave Communications during the 3rd quarter worth about $7,308,000. 86.83% of the stock is currently owned by institutional investors.

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.