Weave Communications (NYSE:WEAV – Get Free Report) had its price objective boosted by Piper Sandler from $16.00 to $17.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 29.52% from the stock’s current price.
Weave Communications Price Performance
WEAV stock opened at $13.13 on Thursday. The company has a 50 day simple moving average of $12.17 and a 200 day simple moving average of $10.51. The stock has a market cap of $942.51 million, a price-to-earnings ratio of -32.81 and a beta of 2.10. Weave Communications has a 1 year low of $7.76 and a 1 year high of $14.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64.
Insider Activity
In related news, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $10.67, for a total transaction of $160,050.00. Following the completion of the sale, the chief operating officer now owns 337,682 shares in the company, valued at approximately $3,603,066.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Weave Communications news, CFO Alan Taylor sold 3,560 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40. Following the completion of the transaction, the chief financial officer now owns 525,555 shares in the company, valued at $5,460,516.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the transaction, the chief operating officer now owns 337,682 shares of the company’s stock, valued at $3,603,066.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,248 shares of company stock worth $1,986,355 over the last quarter. Insiders own 36.30% of the company’s stock.
Hedge Funds Weigh In On Weave Communications
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.
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