Weave Communications (NYSE:WEAV) Trading Up 5.1%

Weave Communications, Inc. (NYSE:WEAV) shares traded up 5.1% during trading on Friday . The stock traded as high as $12.77 and last traded at $12.63. 297,191 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 400,456 shares. The stock had previously closed at $12.02.

Analysts Set New Price Targets

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

Weave Communications Trading Up 4.0 %

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $10.63 and its two-hundred day moving average is $10.23. The stock has a market cap of $889.04 million, a price-to-earnings ratio of -29.07 and a beta of 2.09.

Insider Transactions at Weave Communications

In related news, CFO Alan Taylor sold 3,560 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.39, for a total transaction of $36,988.40. Following the completion of the transaction, the chief financial officer now directly owns 525,555 shares in the company, valued at approximately $5,460,516.45. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Alan Taylor sold 3,560 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40. Following the completion of 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 filing with the SEC, which is accessible through this hyperlink. Also, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the completion of the sale, the chief operating officer now directly owns 337,682 shares in the company, valued at approximately $3,603,066.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,855 shares of company stock worth $343,682. 36.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Weave Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC bought a new stake in Weave Communications during the 4th quarter valued at $77,000. Private Management Group Inc. acquired a new stake in Weave Communications in the second quarter worth about $90,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after buying an additional 3,228 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Weave Communications in the 2nd quarter valued at about $98,000. Finally, Dark Forest Capital Management LP acquired a new position in Weave Communications during the 2nd quarter valued at about $134,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

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.