Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells 12,044 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 12,044 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $16.15, for a total transaction of $194,510.60. Following the completion of the transaction, the chief financial officer now owns 287,798 shares of the company’s stock, valued at approximately $4,647,937.70. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The stock was sold at an average price of $15.98, for a total transaction of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The shares were sold at an average price of $14.12, for a total value of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The shares were sold at an average price of $13.25, for a total value of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total value of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total value of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total transaction of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The shares were sold at an average price of $12.50, for a total transaction of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The shares were sold at an average price of $12.58, for a total transaction of $308,197.42.

Weave Communications Stock Performance

Shares of NYSE WEAV traded up $0.13 during trading hours on Thursday, hitting $15.61. 748,629 shares of the stock were exchanged, compared to its average volume of 545,761. The firm has a market capitalization of $1.14 billion, a P/E ratio of -39.03 and a beta of 2.00. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $16.33. 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 company’s 50 day moving average is $13.88 and its 200 day moving average is $11.57.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WEAV shares. The Goldman Sachs Group lifted their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. 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 research note on Thursday, October 31st. Finally, Piper Sandler boosted their target price 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 investment 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 stock. According to data from MarketBeat.com, Weave Communications presently has a consensus rating of “Buy” and an average target price of $16.50.

Hedge Funds Weigh In On Weave Communications

Large investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its position in Weave Communications by 40.9% in the 3rd quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock worth $48,139,000 after buying an additional 1,091,028 shares during the period. AXA S.A. acquired a new position in Weave Communications during the 2nd quarter valued at $11,590,000. State Street Corp boosted its holdings in Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after purchasing an additional 155,054 shares during the period. Geode Capital Management LLC grew its position in Weave Communications by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after purchasing an additional 101,580 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after purchasing an additional 239,202 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.

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.