Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells 794 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 794 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $15.33, for a total transaction of $12,172.02. Following the completion of the sale, the chief financial officer now directly owns 282,722 shares in the company, valued at $4,334,128.26. This represents a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total value of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The stock was sold at an average price of $16.15, for a total value of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total value 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 value of $122,985.20.

Weave Communications Price Performance

NYSE:WEAV opened at $15.76 on Friday. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.56. The firm has a fifty day simple moving average of $14.96 and a 200 day simple moving average of $12.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WEAV. The Goldman Sachs Group lifted their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Piper Sandler boosted their price target 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. Finally, Loop Capital raised their price objective on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a 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. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $16.50.

Institutional Trading of Weave Communications

A number of large investors have recently added to or reduced their stakes in WEAV. nVerses Capital LLC acquired a new position in shares of Weave Communications during the 3rd quarter worth about $45,000. Quarry LP acquired a new position in Weave Communications during the third quarter worth approximately $45,000. US Bancorp DE bought a new stake in Weave Communications in the third quarter valued at approximately $107,000. Silverleafe Capital Partners LLC acquired a new stake in shares of Weave Communications in the fourth quarter valued at approximately $206,000. Finally, International Assets Investment Management LLC bought a new position in shares of Weave Communications during the 4th quarter worth approximately $228,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

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.