Weave Communications, Inc. (NYSE:WEAV) CFO Sells $12,172.02 in Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 794 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $15.33, for a total value of $12,172.02. Following the completion of the transaction, the chief financial officer now owns 282,722 shares of the company’s stock, valued at $4,334,128.26. The trade was a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The stock was sold at an average price of $16.03, for a total value 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 value of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The stock was sold at an average price of $15.98, for a total value of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The shares were sold at an average price of $14.12, for a total transaction of $122,985.20.

Weave Communications Stock Performance

NYSE:WEAV opened at $15.76 on Friday. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $16.56. 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 simple moving average of $14.99 and a two-hundred day simple moving average of $12.65.

Wall Street Analysts Forecast Growth

WEAV has been the topic of a number of research reports. Piper Sandler boosted their target price 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. The Goldman Sachs Group boosted their price objective 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, Loop Capital increased their price objective on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $16.50.

Institutional Investors Weigh In On Weave Communications

Several large investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Weave Communications in the third quarter valued at $45,000. Quarry LP bought a new position in shares of Weave Communications in the 3rd quarter worth about $45,000. US Bancorp DE acquired a new position in shares of Weave Communications in the 3rd quarter valued at about $107,000. Dark Forest Capital Management LP bought a new stake in shares of Weave Communications during the 2nd quarter valued at about $134,000. Finally, The Manufacturers Life Insurance Company grew its stake in Weave Communications by 26.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company’s stock worth $144,000 after purchasing an additional 3,315 shares during the period. 86.83% of the stock is currently 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.