Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 3,560 Shares

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 3,560 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $10.39, for a total value of $36,988.40. Following the sale, the chief financial officer now owns 525,555 shares in the company, valued at $5,460,516.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Weave Communications Price Performance

WEAV stock opened at $11.06 on Wednesday. The stock has a market cap of $786.62 million, a PE ratio of -24.37 and a beta of 2.09. Weave Communications, Inc. has a 12 month low of $6.67 and a 12 month high of $13.80. The company has a 50-day moving average price of $10.42 and a 200 day moving average price of $10.23. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Quest Partners LLC purchased a new stake in shares of Weave Communications in the fourth quarter worth approximately $77,000. Private Management Group Inc. bought a new position in Weave Communications in the 2nd quarter valued at $90,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after acquiring an additional 3,228 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Weave Communications in the second quarter worth $98,000. Finally, New York State Common Retirement Fund lifted its position in shares of Weave Communications by 29.2% during the fourth quarter. New York State Common Retirement Fund now owns 10,683 shares of the company’s stock worth $123,000 after purchasing an additional 2,415 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

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.