Weave Communications, Inc. (NYSE:WEAV) Insider Branden Neish Sells 7,111 Shares

Weave Communications, Inc. (NYSE:WEAV) insider Branden Neish sold 7,111 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $15.95, for a total value of $113,420.45. Following the transaction, the insider now directly owns 512,122 shares in the company, valued at $8,168,345.90. This represents a 1.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Branden Neish also recently made the following trade(s):

• On Tuesday, October 29th, Branden Neish sold 400 shares of Weave Communications stock. The stock was sold at an average price of $13.71, for a total transaction of $5,484.00.
• On Monday, October 21st, Branden Neish sold 1,308 shares of Weave Communications stock. The shares were sold at an average price of $13.72, for a total transaction of $17,945.76.
• On Wednesday, October 16th, Branden Neish sold 650 shares of Weave Communications stock. The shares were sold at an average price of $13.71, for a total transaction of $8,911.50.

Weave Communications Stock Performance

Shares of WEAV opened at $15.61 on Friday. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $16.33. The stock has a market cap of $1.14 billion, a P/E ratio of -39.03 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. The company has a 50-day moving average of $13.93 and a two-hundred day moving average of $11.59.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in Weave Communications during the 3rd quarter valued at $45,000. Quarry LP purchased a new stake in shares of Weave Communications in the third quarter valued at $45,000. US Bancorp DE purchased a new stake in Weave Communications during the 3rd quarter worth about $107,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after purchasing an additional 3,228 shares during the last quarter. Finally, Private Management Group Inc. purchased a new position in Weave Communications in the 2nd quarter valued at about $90,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their price target on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Loop Capital lifted their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.