Alan Taylor Sells 24,499 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 24,499 shares of Weave Communications stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.58, for a total value of $308,197.42. Following the sale, the chief financial officer now owns 451,442 shares of the company’s stock, valued at approximately $5,679,140.36. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, September 17th, Alan Taylor sold 13,295 shares of Weave Communications stock. The stock was 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 shares were sold at an average price of $10.39, for a total transaction of $36,988.40.

Weave Communications Stock Up 0.2 %

Shares of NYSE:WEAV opened at $12.02 on Wednesday. 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 firm has a market cap of $854.90 million, a price-to-earnings ratio of -27.95 and a beta of 2.09. The stock’s 50-day moving average price is $10.71 and its two-hundred day moving average price is $10.22. Weave Communications, Inc. has a 12-month low of $6.67 and a 12-month high of $13.80.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Weave Communications

Several hedge funds have recently modified their holdings of the stock. 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 purchasing an additional 143,382 shares during the period. Wasatch Advisors LP raised its position in shares of Weave Communications by 17.9% in the 4th quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock worth $24,917,000 after buying an additional 330,422 shares during the period. Teacher Retirement System of Texas acquired a new position in Weave Communications in the fourth quarter valued at $448,000. Jacobs Levy Equity Management Inc. purchased a new stake in Weave Communications during the first quarter valued at about $1,816,000. Finally, Bailard Inc. acquired a new stake in Weave Communications during the second quarter worth about $851,000. 86.83% of the stock is owned by institutional investors and hedge funds.

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.