Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 5,485 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 5,485 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $17.45, for a total value of $95,713.25. Following the completion of the transaction, the director now directly owns 188,441 shares of the company’s stock, valued at $3,288,295.45. This represents a 2.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Weave Communications Trading Down 0.8 %

Shares of WEAV opened at $17.30 on Wednesday. The company has a 50 day moving average price of $15.91 and a 200-day moving average price of $13.53. 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 fifty-two week low of $8.10 and a fifty-two week high of $17.48.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WEAV. Wasatch Advisors LP grew its stake in shares of Weave Communications by 40.9% during the 3rd quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock worth $48,139,000 after purchasing an additional 1,091,028 shares during the period. Raymond James Financial Inc. purchased a new position in Weave Communications in the 4th quarter valued at $14,984,000. Vanguard Group Inc. boosted its holdings in shares of Weave Communications by 23.5% during the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company’s stock worth $72,220,000 after purchasing an additional 863,547 shares during the last quarter. Pathway Capital Management LP boosted its holdings in Weave Communications by 136.3% in the 4th quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company’s stock valued at $21,482,000 after purchasing an additional 778,413 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after purchasing an additional 239,202 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WEAV. Loop Capital raised their price target 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. Piper Sandler boosted their price target on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised 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. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Weave Communications has an average rating of “Buy” and an average price target 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.