Weave Communications, Inc. (NYSE:WEAV) Insider Sells $113,420.45 in Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 7,111 shares of Weave Communications stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.95, for a total value of $113,420.45. Following the transaction, the insider now directly owns 512,122 shares in the company, valued at approximately $8,168,345.90. This trade represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Branden Neish also recently made the following trade(s):

• On Tuesday, October 29th, Branden Neish sold 400 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total transaction of $5,484.00.
• On Monday, October 21st, Branden Neish sold 1,308 shares of Weave Communications stock. The shares were sold at an average price of $13.72, for a total transaction of $17,945.76.
• On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total transaction of $8,911.50.

Weave Communications Price Performance

Shares of WEAV opened at $16.12 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $13.98 and its two-hundred day moving average is $11.62. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $16.33. The firm has a market capitalization of $1.17 billion, a PE ratio of -40.30 and a beta of 2.00.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WEAV. Loop Capital increased their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler increased their price objective on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their target price on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report 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 stock. Based on data from MarketBeat.com, Weave Communications currently has a consensus rating of “Buy” and a consensus target price of $16.50.

Institutional Trading of Weave Communications

A number of institutional investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in Weave Communications during the third quarter worth about $45,000. Quarry LP purchased a new stake in shares of Weave Communications during the 3rd quarter worth approximately $45,000. 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. Private Management Group Inc. acquired a new stake in shares of Weave Communications in the 2nd quarter worth approximately $90,000. Finally, US Bancorp DE purchased a new position in Weave Communications in the 3rd quarter valued at approximately $107,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

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.