Weave Communications, Inc. (NYSE:WEAV) Director Sells $108,713.50 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 6,230 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $17.45, for a total transaction of $108,713.50. Following the sale, the director now directly owns 188,042 shares of the company’s stock, valued at approximately $3,281,332.90. This represents a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Weave Communications Trading Down 0.7 %

WEAV opened at $17.15 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The firm’s fifty day moving average is $15.97 and its 200 day moving average is $13.55. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.48.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WEAV. Trexquant Investment LP raised its position in shares of Weave Communications by 168.1% during the fourth quarter. Trexquant Investment LP now owns 394,988 shares of the company’s stock valued at $6,288,000 after buying an additional 247,670 shares during the last quarter. Geode Capital Management LLC increased its holdings in Weave Communications by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 894,331 shares of the company’s stock valued at $14,242,000 after acquiring an additional 11,124 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in Weave Communications by 164.5% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 60,147 shares of the company’s stock worth $958,000 after purchasing an additional 37,411 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Weave Communications by 12.5% during the 4th quarter. Alliancebernstein L.P. now owns 46,802 shares of the company’s stock valued at $745,000 after purchasing an additional 5,182 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Weave Communications by 202.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company’s stock valued at $26,280,000 after purchasing an additional 1,105,728 shares in the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WEAV. Loop Capital boosted their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Piper Sandler raised their price objective on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $16.50.

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.