Blake G. Modersitzki Sells 9,050 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 9,050 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $15.59, for a total transaction of $141,089.50. Following the sale, the director now directly owns 207,400 shares in the company, valued at approximately $3,233,366. The trade was a 4.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Weave Communications Stock Performance

Shares of NYSE WEAV opened at $15.61 on Friday. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $16.33. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -39.03 and a beta of 2.00. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $13.93 and a 200 day moving average of $11.59.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its holdings in Weave Communications by 161.9% in the 3rd quarter. FMR LLC now owns 97,991 shares of the company’s stock worth $1,254,000 after purchasing an additional 60,574 shares during the period. Charles Schwab Investment Management Inc. increased its position in Weave Communications by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after buying an additional 45,475 shares in the last quarter. Renaissance Technologies LLC increased its position in Weave Communications by 17.8% in the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock worth $5,353,000 after buying an additional 89,600 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Weave Communications by 429.2% in the third quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock worth $717,000 after buying an additional 45,430 shares during the period. Finally, Summit Global Investments purchased a new position in shares of Weave Communications during the 3rd quarter valued at about $460,000. 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.