Blake G. Modersitzki Sells 6,230 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 6,230 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $17.45, for a total transaction of $108,713.50. Following the sale, the director now owns 188,042 shares in the company, valued at approximately $3,281,332.90. This trade represents a 3.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Weave Communications Stock Down 0.7 %

Shares of Weave Communications stock opened at $17.15 on Thursday. The company has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $13.55. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $17.48. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WEAV shares. Piper Sandler lifted their price target on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Loop Capital lifted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price target on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $16.50.

Hedge Funds Weigh In On Weave Communications

Hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP increased its holdings in shares of Weave Communications by 168.1% in the 4th quarter. Trexquant Investment LP now owns 394,988 shares of the company’s stock worth $6,288,000 after purchasing an additional 247,670 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Weave Communications by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 894,331 shares of the company’s stock valued at $14,242,000 after acquiring an additional 11,124 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Weave Communications by 164.5% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 60,147 shares of the company’s stock valued at $958,000 after purchasing an additional 37,411 shares during the last quarter. Alliancebernstein L.P. grew its position in Weave Communications by 12.5% in the 4th quarter. Alliancebernstein L.P. now owns 46,802 shares of the company’s stock worth $745,000 after purchasing an additional 5,182 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Weave Communications by 202.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company’s stock valued at $26,280,000 after buying an additional 1,105,728 shares during the period. 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.