Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 4,182 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 4,182 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $16.03, for a total transaction of $67,037.46. Following the completion of the sale, the chief financial officer now directly owns 283,516 shares in the company, valued at $4,544,761.48. This trade represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The shares were sold at an average price of $16.15, for a total transaction of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total value of $707,035.10.
• On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The stock was sold at an average price of $14.12, for a total transaction of $122,985.20.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The shares were sold at an average price of $13.25, for a total transaction of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total value of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total value of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The shares were sold at an average price of $13.05, for a total transaction of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The stock was sold at an average price of $12.50, for a total value of $3,812.50.

Weave Communications Trading Up 0.4 %

Shares of WEAV opened at $16.19 on Tuesday. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $16.56. The firm has a market capitalization of $1.18 billion, a P/E ratio of -40.48 and a beta of 2.00. The firm has a 50-day moving average price of $14.10 and a 200 day moving average price of $11.77. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Weave Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AXA S.A. acquired a new stake in Weave Communications during the 2nd quarter worth approximately $11,590,000. Wasatch Advisors LP increased its position in shares of Weave Communications by 40.9% during the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock worth $48,139,000 after acquiring an additional 1,091,028 shares during the period. Pathway Capital Management LP acquired a new stake in shares of Weave Communications in the third quarter valued at $7,308,000. Lord Abbett & CO. LLC grew its stake in Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after purchasing an additional 239,202 shares in the last quarter. Finally, State Street Corp grew its stake in Weave Communications by 19.5% during the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock worth $12,169,000 after purchasing an additional 155,054 shares in the last quarter. 86.83% of the stock is currently owned by hedge funds and other 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.