Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 789 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 789 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $17.01, for a total transaction of $13,420.89. Following the transaction, the chief financial officer now owns 281,137 shares in the company, valued at $4,782,140.37. The trade was a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The shares were sold at an average price of $15.33, for a total transaction of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46.
• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The shares were sold at an average price of $16.15, for a total transaction of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total transaction of $707,035.10.

Weave Communications Trading Down 0.4 %

NYSE WEAV opened at $17.32 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $17.63. The stock has a market capitalization of $1.26 billion, a PE ratio of -43.29 and a beta of 1.91. The firm has a 50 day moving average of $16.19 and a two-hundred day moving average of $13.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Weave Communications by 37.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,947 shares of the company’s stock valued at $1,321,000 after buying an additional 22,448 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Weave Communications in the 4th quarter valued at $10,186,000. Squarepoint Ops LLC boosted its holdings in shares of Weave Communications by 28.6% in the 4th quarter. Squarepoint Ops LLC now owns 134,047 shares of the company’s stock valued at $2,134,000 after buying an additional 29,806 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Weave Communications by 127.9% in the 4th quarter. Two Sigma Advisers LP now owns 596,300 shares of the company’s stock valued at $9,493,000 after buying an additional 334,700 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Weave Communications by 113.6% in the 4th quarter. Two Sigma Investments LP now owns 654,428 shares of the company’s stock valued at $10,418,000 after buying an additional 348,038 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analysts Set New Price Targets

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

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.