Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Director Sells 6,230 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 6,230 shares of Weave Communications stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $17.45, for a total value of $108,713.50. Following the sale, the director now owns 188,042 shares in the company, valued at $3,281,332.90. This represents a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weave Communications Trading Up 1.1 %

Shares of NYSE:WEAV opened at $17.33 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of -43.32 and a beta of 1.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $17.48. The stock’s fifty day moving average price is $16.04 and its 200-day moving average price is $13.58.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WEAV. nVerses Capital LLC bought a new position in shares of Weave Communications during the third quarter valued at $45,000. Quarry LP bought a new position in shares of Weave Communications during the third quarter valued at $45,000. Amundi bought a new position in shares of Weave Communications during the fourth quarter valued at $66,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Weave Communications by 28.9% during the fourth quarter. Ameritas Investment Partners Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after purchasing an additional 928 shares in the last quarter. Finally, US Bancorp DE bought a new position in shares of Weave Communications during the third quarter valued at $107,000. 86.83% of the stock is 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.