Blake G. Modersitzki Sells 5,485 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 5,485 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $17.45, for a total value of $95,713.25. Following the completion of the transaction, the director now directly owns 188,441 shares in the company, valued at approximately $3,288,295.45. This trade represents a 2.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Weave Communications Stock Down 0.7 %

Shares of Weave Communications stock opened at $17.15 on Thursday. 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 business has a 50-day moving average of $15.97 and a two-hundred day moving average of $13.55. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $17.48.

Wall Street Analyst Weigh In

WEAV has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on 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 company a “neutral” rating in a research note on Friday, November 1st. Finally, Loop Capital lifted their price objective 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. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.50.

Institutional Trading of Weave Communications

A number of large investors have recently bought and sold shares of WEAV. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Weave Communications by 5.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company’s stock worth $174,000 after purchasing an additional 597 shares in the last quarter. US Bancorp DE boosted its position in Weave Communications by 8.4% during the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after acquiring an additional 703 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Weave Communications by 0.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock worth $2,383,000 after acquiring an additional 937 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of Weave Communications by 4.9% in the fourth quarter. Truvestments Capital LLC now owns 24,576 shares of the company’s stock valued at $391,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Weave Communications by 2.9% in the fourth quarter. Swiss National Bank now owns 70,600 shares of the company’s stock valued at $1,124,000 after purchasing an additional 2,000 shares during the last quarter. 86.83% of the stock is owned by institutional investors.

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.