Weave Communications, Inc. (NYSE:WEAV) Director Sells $24,675.00 in Stock

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) Director Blake G. Modersitzki sold 1,500 shares of the company's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $16.45, for a total transaction of $24,675.00. Following the completion of the transaction, the director now owns 201,879 shares of the company's stock, valued at approximately $3,320,909.55. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Weave Communications Stock Up 3.3 %

Shares of WEAV stock opened at $16.34 on Wednesday. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $16.56. 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 business's fifty day moving average is $15.32 and its 200-day moving average is $13.04.

Weave Communications (NYSE:WEAV - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. Weave Communications had a negative return on equity of 28.01% and a negative net margin of 14.64%. The firm had revenue of $52.39 million for the quarter, compared to analyst estimates of $51.47 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. Analysts forecast that Weave Communications, Inc. will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Weave Communications




Large investors have recently made changes to their positions in the business. Point72 Asset Management L.P. raised its position in shares of Weave Communications by 5.4% during the second quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company's stock worth $158,000 after purchasing an additional 896 shares during the period. Harbor Capital Advisors Inc. increased its stake in Weave Communications by 0.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company's stock worth $2,383,000 after purchasing an additional 937 shares in the last quarter. Truvestments Capital LLC raised its holdings in Weave Communications by 11.4% during the 3rd quarter. Truvestments Capital LLC now owns 23,422 shares of the company's stock worth $300,000 after buying an additional 2,405 shares during the period. AQR Capital Management LLC lifted its stake in Weave Communications by 3.8% during the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company's stock valued at $620,000 after buying an additional 2,516 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Weave Communications by 26.3% in the second quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company's stock worth $144,000 after buying an additional 3,315 shares during the period. Institutional investors own 86.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Piper Sandler raised their target price on Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Loop Capital lifted their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their target price on shares of Weave Communications from $13.00 to $14.50 and gave the company a "neutral" rating in a research report on Friday, November 1st. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.50.

Check Out Our Latest Stock Analysis on WEAV

Weave Communications Company Profile

(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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