Alan Taylor Sells 24,499 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 24,499 shares of Weave Communications stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $12.58, for a total value of $308,197.42. Following the completion of the sale, the chief financial officer now directly owns 451,442 shares in the company, valued at approximately $5,679,140.36. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, September 17th, Alan Taylor sold 13,295 shares of Weave Communications stock. The shares were sold at an average price of $11.03, for a total value of $146,643.85.
• On Friday, September 13th, Alan Taylor sold 3,560 shares of Weave Communications stock. The stock was sold at an average price of $10.39, for a total value of $36,988.40.

Weave Communications Price Performance

Shares of NYSE:WEAV opened at $12.02 on Wednesday. The firm has a market capitalization of $854.90 million, a price-to-earnings ratio of -27.95 and a beta of 2.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The business’s 50 day simple moving average is $10.71 and its 200-day simple moving average is $10.22. Weave Communications, Inc. has a 12 month low of $6.67 and a 12 month high of $13.80.

Institutional Trading of Weave Communications

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Weave Communications by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after buying an additional 312,392 shares during the last quarter. Wasatch Advisors LP increased its holdings in Weave Communications by 17.9% during the 4th quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after acquiring an additional 330,422 shares in the last quarter. AXA S.A. acquired a new position in Weave Communications during the second quarter worth about $11,590,000. Acadian Asset Management LLC lifted its holdings in shares of Weave Communications by 1.0% in the first quarter. Acadian Asset Management LLC now owns 784,270 shares of the company’s stock valued at $9,002,000 after purchasing an additional 7,511 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Weave Communications by 17.8% in the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after purchasing an additional 89,600 shares during the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.