Alan Taylor Sells 13,295 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 13,295 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $11.03, for a total transaction of $146,643.85. Following the completion of the transaction, the chief financial officer now directly owns 475,941 shares of the company’s stock, valued at approximately $5,249,629.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, September 13th, Alan Taylor sold 3,560 shares of Weave Communications stock. The shares were sold at an average price of $10.39, for a total value of $36,988.40.

Weave Communications Stock Performance

NYSE WEAV traded up $0.90 on Thursday, hitting $12.02. 734,939 shares of the company’s stock traded hands, compared to its average volume of 401,027. The firm’s 50-day moving average price is $10.50 and its two-hundred day moving average price is $10.23. The firm has a market capitalization of $863.16 million, a PE ratio of -27.98 and a beta of 2.09. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 1-year low of $6.67 and a 1-year high of $13.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. grew its position in Weave Communications by 5.4% during the 2nd 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. California State Teachers Retirement System boosted its stake in shares of Weave Communications by 6.6% in the first quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock worth $398,000 after buying an additional 2,152 shares during the last quarter. ClariVest Asset Management LLC grew its holdings in Weave Communications by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock worth $741,000 after acquiring an additional 2,298 shares during the period. AQR Capital Management LLC raised its position 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 acquiring an additional 2,516 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after acquiring an additional 3,228 shares during the period. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price target on Weave Communications from $15.00 to $16.00 and gave the company an “overweight” rating in a research note 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.