Alan Taylor Sells 4,296 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 4,296 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $13.05, for a total value of $56,062.80. Following the completion of the sale, the chief financial officer now owns 446,841 shares of the company’s stock, valued at $5,831,275.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The stock was sold at an average price of $12.50, for a total value of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The shares were sold at an average price of $12.58, for a total transaction of $308,197.42.
• 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 stock was sold at an average price of $10.39, for a total transaction of $36,988.40.

Weave Communications Stock Performance

Shares of WEAV stock traded down $0.34 on Tuesday, hitting $12.46. The company had a trading volume of 666,109 shares, compared to its average volume of 419,065. Weave Communications, Inc. has a twelve month low of $6.67 and a twelve month high of $13.80. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market cap of $894.75 million, a P/E ratio of -29.00 and a beta of 2.09. The company has a 50-day moving average price of $10.92 and a 200-day moving average price of $10.23.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. increased its holdings in shares of Weave Communications by 5.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock valued at $158,000 after purchasing an additional 896 shares in the last quarter. Algert Global LLC increased its holdings in Weave Communications by 2.6% in the second quarter. Algert Global LLC now owns 181,768 shares of the company’s stock valued at $1,640,000 after buying an additional 4,659 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Weave Communications by 26.3% in the second quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company’s stock worth $144,000 after acquiring an additional 3,315 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Weave Communications during the 2nd quarter worth about $134,000. Finally, AQR Capital Management LLC grew its position in shares of Weave Communications by 3.8% during the 2nd quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock valued at $620,000 after acquiring an additional 2,516 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price on Weave Communications from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st.

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.