Blake G. Modersitzki Sells 192,266 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 192,266 shares of Weave Communications stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $15.25, for a total transaction of $2,932,056.50. Following the transaction, the director now directly owns 225,412 shares of the company’s stock, valued at $3,437,533. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Weave Communications Trading Down 0.6 %

NYSE:WEAV traded down $0.10 during mid-day trading on Friday, hitting $15.46. The company had a trading volume of 897,217 shares, compared to its average volume of 539,880. The business’s fifty day moving average is $13.77 and its two-hundred day moving average is $11.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $1.13 billion, a P/E ratio of -38.65 and a beta of 2.00. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $15.93.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Weave Communications

A number of hedge funds have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in shares of Weave Communications in the 3rd quarter valued at approximately $45,000. Quarry LP bought a new position in Weave Communications in the third quarter valued at approximately $45,000. US Bancorp DE bought a new position in Weave Communications in the third quarter valued at approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after buying an additional 3,228 shares during the period. Finally, Private Management Group Inc. bought a new stake in Weave Communications in the 2nd quarter valued at $90,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

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.