Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 1,205 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 1,205 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $14.95, for a total transaction of $18,014.75. Following the completion of the sale, the director now directly owns 244,538 shares of the company’s stock, valued at approximately $3,655,843.10. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Weave Communications Trading Up 3.1 %

Shares of NYSE WEAV opened at $15.40 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50 day moving average is $13.66 and its two-hundred day moving average is $11.35. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $15.58.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Weave Communications

A number of institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Weave Communications in the third quarter valued at approximately $45,000. Quarry LP acquired a new stake in Weave Communications during the 3rd quarter worth approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after buying an additional 3,228 shares during the period. Private Management Group Inc. acquired a new position in shares of Weave Communications in the second quarter worth $90,000. Finally, US Bancorp DE purchased a new stake in shares of Weave Communications during the third quarter worth $107,000. 86.83% of the stock is owned by institutional investors and hedge funds.

About Weave Communications

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.