Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells 2,638 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 2,638 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $13.00, for a total value of $34,294.00. Following the completion of the sale, the chief financial officer now directly owns 421,847 shares of the company’s stock, valued at $5,484,011. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total value of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total value of $56,062.80.
• 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 stock was sold at an average price of $12.58, for a total value 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 value 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 value of $36,988.40.

Weave Communications Price Performance

Weave Communications stock traded up $0.15 during midday trading on Tuesday, reaching $13.10. The company’s stock had a trading volume of 1,059,603 shares, compared to its average volume of 424,022. Weave Communications, Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $13.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s 50 day simple moving average is $11.17 and its 200 day simple moving average is $10.27. The firm has a market capitalization of $940.71 million, a PE ratio of -30.46 and a beta of 2.10.

Institutional Investors Weigh In On Weave Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Weave Communications by 10.3% in the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $38,374,000 after acquiring an additional 312,392 shares during the period. Wasatch Advisors LP increased its position in shares of Weave Communications by 17.9% in the fourth quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after buying an additional 330,422 shares in the last quarter. AXA S.A. purchased a new position in shares of Weave Communications in the second quarter valued at $11,590,000. Acadian Asset Management LLC increased its position in shares of Weave Communications by 1.0% in the first quarter. Acadian Asset Management LLC now owns 784,270 shares of the company’s stock valued at $9,002,000 after buying an additional 7,511 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Weave Communications by 17.8% in the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after buying an additional 89,600 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on Weave Communications from $15.00 to $16.00 and gave the company an “overweight” rating in a 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.