Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor Sells 3,560 Shares of Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 3,560 shares of Weave Communications stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $10.39, for a total value of $36,988.40. Following the transaction, the chief financial officer now owns 525,555 shares of the company’s stock, valued at $5,460,516.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Weave Communications Price Performance

Weave Communications stock opened at $10.48 on Tuesday. The stock has a market capitalization of $745.37 million, a P/E ratio of -24.37 and a beta of 2.09. Weave Communications, Inc. has a 12-month low of $6.67 and a 12-month high of $13.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50-day moving average is $10.39 and its two-hundred day moving average is $10.25.

Institutional Trading of Weave Communications

Hedge funds have recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in Weave Communications in the 4th quarter worth about $77,000. Private Management Group Inc. acquired a new position in shares of Weave Communications during the 2nd quarter valued at about $90,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Weave Communications by 48.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after acquiring an additional 3,228 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Weave Communications in the second quarter worth approximately $98,000. Finally, New York State Common Retirement Fund grew its holdings in Weave Communications by 29.2% in the fourth quarter. New York State Common Retirement Fund now owns 10,683 shares of the company’s stock valued at $123,000 after purchasing an additional 2,415 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.