Insider Selling: Weave Communications, Inc. (NYSE:WEAV) Insider Sells 7,111 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 7,111 shares of Weave Communications stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.95, for a total transaction of $113,420.45. Following the transaction, the insider now owns 512,122 shares of the company’s stock, valued at approximately $8,168,345.90. The trade was a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, October 29th, Branden Neish sold 400 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total transaction of $5,484.00.
• On Monday, October 21st, Branden Neish sold 1,308 shares of Weave Communications stock. The stock was sold at an average price of $13.72, for a total value of $17,945.76.
• 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 Trading Up 3.3 %

NYSE WEAV opened at $16.12 on Friday. The company has a market cap of $1.17 billion, a P/E ratio of -40.30 and a beta of 2.00. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $16.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The company has a 50-day moving average of $13.98 and a 200-day moving average of $11.62.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Piper Sandler lifted their price target on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Loop Capital upped their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Weave Communications currently has an average rating of “Buy” and an average target price of $16.50.

Hedge Funds Weigh In On Weave Communications

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates grew its stake in shares of Weave Communications by 102.2% during the 2nd quarter. Raymond James & Associates now owns 140,015 shares of the company’s stock valued at $1,263,000 after buying an additional 70,771 shares during the period. Bank of New York Mellon Corp grew its position in Weave Communications by 31.4% during the second quarter. Bank of New York Mellon Corp now owns 112,804 shares of the company’s stock valued at $1,017,000 after acquiring an additional 26,953 shares during the period. Bailard Inc. acquired a new stake in Weave Communications during the second quarter worth about $851,000. Allspring Global Investments Holdings LLC acquired a new stake in Weave Communications during the second quarter worth about $145,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after purchasing an additional 3,228 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.

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.