Weave Communications, Inc. (NYSE:WEAV) Director Sells $212,035.82 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 15,718 shares of Weave Communications stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $13.49, for a total transaction of $212,035.82. Following the transaction, the director now directly owns 303,935 shares in the company, valued at $4,100,083.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Weave Communications Stock Performance

NYSE WEAV opened at $13.50 on Monday. The stock has a fifty day simple moving average of $11.70 and a 200-day simple moving average of $10.39. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The stock has a market cap of $969.44 million, a PE ratio of -32.14 and a beta of 2.10. Weave Communications, Inc. has a twelve month low of $6.67 and a twelve month high of $13.80.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Raymond James & Associates raised its stake in shares of Weave Communications by 66.8% in the 3rd quarter. Raymond James & Associates now owns 233,534 shares of the company’s stock valued at $2,989,000 after acquiring an additional 93,519 shares during the period. nVerses Capital LLC acquired a new stake in Weave Communications in the 3rd quarter valued at approximately $45,000. SG Americas Securities LLC purchased a new stake in Weave Communications in the third quarter valued at approximately $193,000. Point72 Asset Management L.P. lifted its stake in Weave Communications by 5.4% during the second quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock worth $158,000 after purchasing an additional 896 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Weave Communications by 2.6% during the second quarter. Algert Global LLC now owns 181,768 shares of the company’s stock worth $1,640,000 after buying an additional 4,659 shares during the period. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.