Alan Taylor Sells 789 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 789 shares of Weave Communications stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $17.01, for a total transaction of $13,420.89. Following the completion of the transaction, the chief financial officer now directly owns 281,137 shares of the company’s stock, valued at $4,782,140.37. The trade was a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The stock was sold at an average price of $15.33, for a total transaction of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The stock was sold at an average price of $16.03, for a total transaction of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The shares were sold at an average price of $16.15, for a total transaction 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 transaction of $707,035.10.

Weave Communications Stock Performance

NYSE:WEAV traded down $0.07 during midday trading on Tuesday, reaching $17.32. The stock had a trading volume of 1,044,622 shares, compared to its average volume of 790,552. The firm has a fifty day simple moving average of $16.14 and a two-hundred day simple moving average of $13.72. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63. 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 stock has a market cap of $1.26 billion, a P/E ratio of -43.29 and a beta of 1.91.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WEAV. FMR LLC raised its stake in Weave Communications by 161.9% in the 3rd quarter. FMR LLC now owns 97,991 shares of the company’s stock valued at $1,254,000 after purchasing an additional 60,574 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Weave Communications by 11.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after purchasing an additional 45,475 shares during the period. XTX Topco Ltd grew its holdings in shares of Weave Communications by 429.2% during the 3rd quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock worth $717,000 after purchasing an additional 45,430 shares during the period. Pathway Capital Management LP purchased a new stake in shares of Weave Communications during the 3rd quarter worth about $7,308,000. Finally, Summit Global Investments purchased a new position in Weave Communications in the 3rd quarter worth approximately $460,000. 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.