Weave Communications, Inc. (NYSE:WEAV) Insider Branden Neish Sells 1,308 Shares

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 1,308 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $13.72, for a total value of $17,945.76. Following the completion of the transaction, the insider now owns 568,222 shares of the company’s stock, valued at $7,796,005.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Branden Neish also recently made the following trade(s):

• On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total value of $8,911.50.

Weave Communications Stock Performance

Shares of NYSE:WEAV opened at $12.93 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52 week low of $6.67 and a 52 week high of $13.80. The firm’s fifty day moving average is $11.86 and its 200-day moving average is $10.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WEAV. Counterpoint Mutual Funds LLC bought a new position in shares of Weave Communications during the first quarter worth about $138,000. Edmonds Duncan Registered Investment Advisors LLC bought a new position in Weave Communications during the 1st quarter worth approximately $137,000. Principal Financial Group Inc. acquired a new position in shares of Weave Communications in the 1st quarter worth approximately $377,000. Swiss National Bank boosted its stake in shares of Weave Communications by 14.5% in the 1st quarter. Swiss National Bank now owns 68,600 shares of the company’s stock valued at $788,000 after purchasing an additional 8,700 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Weave Communications during the first quarter worth $156,000. 86.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target on 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.