Blake G. Modersitzki Sells 17,255 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 17,255 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $14.14, for a total value of $243,985.70. Following the sale, the director now owns 279,000 shares in the company, valued at $3,945,060. The trade was a 5.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Weave Communications Price Performance

Shares of WEAV opened at $14.40 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $14.50. The stock has a fifty day moving average price of $13.34 and a 200 day moving average price of $11.08.

Hedge Funds Weigh In On Weave Communications

Several institutional investors have recently modified their holdings of WEAV. nVerses Capital LLC acquired a new position in Weave Communications during the 3rd quarter valued at about $45,000. Quarry LP acquired a new position in shares of Weave Communications during the third quarter worth approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after buying an additional 3,228 shares in the last quarter. Private Management Group Inc. acquired a new stake in Weave Communications in the 2nd quarter valued at approximately $90,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Weave Communications during the 2nd quarter valued at $98,000. Institutional investors own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

WEAV has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Loop Capital boosted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Piper Sandler raised their price target 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Weave Communications currently has an average rating of “Buy” and an average target price of $16.50.

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.