Weave Communications, Inc. (NYSE:WEAV) CFO Sells $56,062.80 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 4,296 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $13.05, for a total value of $56,062.80. Following the sale, the chief financial officer now directly owns 446,841 shares of the company’s stock, valued at approximately $5,831,275.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The stock was sold at an average price of $12.50, for a total value 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.
• On Tuesday, September 17th, Alan Taylor sold 13,295 shares of Weave Communications stock. The shares were sold at an average price of $11.03, for a total transaction of $146,643.85.
• On Friday, September 13th, Alan Taylor sold 3,560 shares of Weave Communications stock. The stock was sold at an average price of $10.39, for a total transaction of $36,988.40.

Weave Communications Stock Down 0.2 %

Shares of NYSE WEAV opened at $12.53 on Friday. The business has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $10.26. Weave Communications, Inc. has a twelve month low of $6.67 and a twelve month high of $13.80. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Silvercrest Asset Management Group LLC raised its stake in Weave Communications by 39.6% during the first 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 during the period. Wasatch Advisors LP grew its holdings in shares of Weave Communications by 17.9% during the fourth quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after purchasing an additional 330,422 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Weave Communications by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock worth $5,353,000 after purchasing an additional 89,600 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Weave Communications during the 1st quarter valued at approximately $1,816,000. Finally, Bailard Inc. bought a new position in Weave Communications during the 2nd quarter worth $851,000. 86.83% of the stock is currently owned by 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.