Blake G. Modersitzki Sells 74,228 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 74,228 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $14.04, for a total value of $1,042,161.12. Following the sale, the director now directly owns 286,320 shares in the company, valued at approximately $4,019,932.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Weave Communications Trading Down 2.9 %

WEAV traded down $0.41 during midday trading on Wednesday, hitting $13.75. 1,274,749 shares of the company were exchanged, compared to its average volume of 498,653. The firm’s 50 day moving average price is $12.63 and its 200-day moving average price is $10.67. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $14.50. The firm has a market capitalization of $1.00 billion, a P/E ratio of -34.38 and a beta of 2.08. The company has a quick ratio of 1.64, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Piper Sandler increased their target price on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Loop Capital lifted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research 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. According to MarketBeat.com, Weave Communications has an average rating of “Buy” and a consensus target price of $16.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WEAV. FMR LLC boosted its stake in shares of Weave Communications by 161.9% in the 3rd quarter. FMR LLC now owns 97,991 shares of the company’s stock valued at $1,254,000 after purchasing an additional 60,574 shares during the last quarter. Quantbot Technologies LP boosted its position in Weave Communications by 637.6% during the third quarter. Quantbot Technologies LP now owns 25,079 shares of the company’s stock valued at $321,000 after acquiring an additional 21,679 shares during the last quarter. Truvestments Capital LLC grew its holdings in Weave Communications by 11.4% during the 3rd quarter. Truvestments Capital LLC now owns 23,422 shares of the company’s stock worth $300,000 after acquiring an additional 2,405 shares during the period. Algert Global LLC raised its position in shares of Weave Communications by 36.2% in the 3rd quarter. Algert Global LLC now owns 247,558 shares of the company’s stock worth $3,169,000 after acquiring an additional 65,790 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Weave Communications by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock valued at $5,569,000 after purchasing an additional 45,475 shares during the period. Institutional investors 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.