Alan Taylor Sells 789 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 789 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $17.01, for a total value of $13,420.89. Following the transaction, the chief financial officer now owns 281,137 shares in the company, valued at $4,782,140.37. This trade represents a 0.28 % 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 the SEC website.

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

• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The shares were sold at an average price of $15.33, for a total value of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total value of $67,037.46.
• 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 Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The stock was sold at an average price of $15.98, for a total value of $707,035.10.

Weave Communications Trading Down 0.4 %

NYSE WEAV traded down $0.07 on Tuesday, reaching $17.32. The company had a trading volume of 1,044,622 shares, compared to its average volume of 790,552. The stock’s 50 day moving average is $16.14 and its 200-day moving average is $13.72. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -43.29 and a beta of 1.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $17.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WEAV. Aquatic Capital Management LLC acquired a new position in Weave Communications during the fourth quarter valued at approximately $34,000. nVerses Capital LLC bought a new position in Weave Communications during the 3rd quarter worth $45,000. Quarry LP bought a new position in shares of Weave Communications in the 3rd quarter valued at $45,000. Amundi bought a new position in shares of Weave Communications in the 4th quarter valued at $66,000. Finally, Summit Investment Advisors Inc. increased its stake in shares of Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after purchasing an additional 928 shares during the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WEAV has been the subject of a number of research reports. Loop Capital raised their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Piper Sandler lifted their price target on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” 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, the stock currently has an average rating of “Buy” and an average price target of $16.50.

Weave Communications Company Profile

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.