Insider Selling: Weave Communications, Inc. (NYSE:WEAV) CFO Sells 44,245 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 44,245 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.98, for a total value of $707,035.10. Following the completion of the sale, the chief financial officer now owns 301,734 shares of the company’s stock, valued at $4,821,709.32. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The stock was sold at an average price of $16.15, for a total value of $194,510.60.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The stock was sold at an average price of $14.12, for a total value of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The shares were sold at an average price of $13.25, for a total transaction of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total transaction of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total transaction 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 transaction of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The shares were 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.

Weave Communications Price Performance

WEAV opened at $16.12 on Friday. The stock’s 50-day moving average price is $13.98 and its 200 day moving average price is $11.62. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $16.33. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -40.30 and a beta of 2.00. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Institutional Trading of Weave Communications

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP raised its stake in shares of Weave Communications by 40.9% in the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock valued at $48,139,000 after acquiring an additional 1,091,028 shares in the last quarter. AXA S.A. purchased a new stake in Weave Communications during the 2nd quarter worth about $11,590,000. State Street Corp raised its position in Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after purchasing an additional 155,054 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Weave Communications by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock valued at $11,308,000 after buying an additional 101,580 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in shares of Weave Communications by 37.7% during the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after buying an additional 239,202 shares in the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WEAV shares. Piper Sandler increased their price target on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Loop Capital increased their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weave Communications has an average rating of “Buy” and a consensus price target of $16.50.

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.