Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells 13,295 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 13,295 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $11.03, for a total value of $146,643.85. Following the completion of the sale, the chief financial officer now owns 475,941 shares in the company, valued at approximately $5,249,629.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, September 13th, Alan Taylor sold 3,560 shares of Weave Communications stock. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40.

Weave Communications Stock Up 4.0 %

Weave Communications stock opened at $12.50 on Friday. The business’s 50-day moving average price is $10.63 and its 200 day moving average price is $10.24. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market cap of $889.04 million, a price-to-earnings ratio of -29.07 and a beta of 2.09. Weave Communications, Inc. has a 52 week low of $6.67 and a 52 week high of $13.80.

Institutional Investors Weigh In On Weave Communications

Hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. lifted its stake in shares of Weave Communications by 5.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock valued at $158,000 after purchasing an additional 896 shares during the period. California State Teachers Retirement System increased its holdings in Weave Communications by 6.6% in the first quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock valued at $398,000 after buying an additional 2,152 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Weave Communications by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock worth $741,000 after acquiring an additional 2,298 shares during the period. AQR Capital Management LLC raised its position in shares of Weave Communications by 3.8% in the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock worth $620,000 after acquiring an additional 2,516 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Weave Communications by 48.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after acquiring an additional 3,228 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on shares of Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st.

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.