Alan Taylor Sells 13,295 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 13,295 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $11.03, for a total value of $146,643.85. Following the sale, the chief financial officer now directly owns 475,941 shares in the company, valued at approximately $5,249,629.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, September 13th, Alan Taylor sold 3,560 shares of Weave Communications stock. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40.

Weave Communications Stock Up 4.0 %

Shares of WEAV stock opened at $12.50 on Friday. The stock’s fifty day moving average price is $10.63 and its 200 day moving average price is $10.24. Weave Communications, Inc. has a 1-year low of $6.67 and a 1-year high of $13.80. The company has a market cap of $889.04 million, a price-to-earnings ratio of -29.07 and a beta of 2.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price objective on shares of Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st.

Institutional Investors Weigh In On Weave Communications

Large investors have recently modified their holdings of the business. Silvercrest Asset Management Group LLC raised its position in shares of Weave Communications by 39.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock valued at $5,803,000 after purchasing an additional 143,382 shares during the last quarter. Wasatch Advisors LP increased its stake in Weave Communications by 17.9% during the 4th quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after purchasing an additional 330,422 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Weave Communications in the fourth quarter worth $448,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Weave Communications in the first quarter worth $1,816,000. Finally, Bailard Inc. acquired a new stake in shares of Weave Communications during the second quarter worth $851,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

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.