Weave Communications, Inc. (NYSE:WEAV) Director Sells $693,495.32 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 51,332 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $13.51, for a total transaction of $693,495.32. Following the transaction, the director now directly owns 306,852 shares of the company’s stock, valued at approximately $4,145,570.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Weave Communications Stock Performance

Shares of WEAV opened at $13.50 on Monday. Weave Communications, Inc. has a one year low of $6.67 and a one year high of $13.80. The company has a 50-day simple moving average of $11.70 and a two-hundred day simple moving average of $10.39. 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 firm has a market capitalization of $969.44 million, a PE ratio of -32.14 and a beta of 2.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. AXA S.A. purchased a new stake in Weave Communications in the second quarter worth $11,590,000. Vanguard Group Inc. boosted its holdings 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 valued at $38,374,000 after buying an additional 312,392 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Weave Communications in the 1st quarter worth about $1,816,000. Silvercrest Asset Management Group LLC increased its stake in shares of Weave Communications by 39.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock worth $5,803,000 after acquiring an additional 143,382 shares in the last quarter. Finally, Bailard Inc. purchased a new position in Weave Communications during the 2nd quarter valued at about $851,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Analyst Ratings Changes

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

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.