Weave Communications, Inc. (NYSE:WEAV - Get Free Report) Director Blake G. Modersitzki sold 84,764 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $16.49, for a total transaction of $1,397,758.36. Following the completion of the transaction, the director now directly owns 201,975 shares of the company's stock, valued at approximately $3,330,567.75. The trade was a 29.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Weave Communications Stock Performance
Shares of NYSE WEAV opened at $16.12 on Friday. 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 stock has a 50 day moving average price of $14.26 and a 200 day moving average price of $11.88. The stock has a market capitalization of $1.17 billion, a PE ratio of -40.30 and a beta of 2.00. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $16.56.
Institutional Investors Weigh In On Weave Communications
Several large investors have recently made changes to their positions in the stock. AXA S.A. acquired a new position in Weave Communications during the second quarter worth $11,590,000. Wasatch Advisors LP grew its holdings in 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 purchasing an additional 1,091,028 shares during the period. Pathway Capital Management LP acquired a new position in Weave Communications during the third quarter worth approximately $7,308,000. Lord Abbett & CO. LLC boosted its stake in shares of 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 acquiring an additional 239,202 shares during the period. Finally, State Street Corp increased its holdings in shares of 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 acquiring an additional 155,054 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company's stock.
Analyst Upgrades and Downgrades
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A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Weave Communications from $13.00 to $14.50 and gave the company a "neutral" rating in a report on Friday, November 1st. Loop Capital upped their price target on Weave Communications from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Piper Sandler lifted their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $16.50.
Get Our Latest Analysis on Weave Communications
About Weave Communications
(
Get Free Report)
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.
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