By otakuyassine3@gmail.com 
Weave Communications, Inc. (NYSE:WEAV – Get Free Report) CFO Alan Taylor sold 794 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $15.33, for a total value of $12,172.02. Following the completion of the transaction, the chief financial officer now directly owns 282,722 shares in the company, valued at $4,334,128.26. This trade represents a 0.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Alan Taylor also recently made the following trade(s):
- On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46.
- On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The shares were sold at an average price of $16.15, for a total transaction of $194,510.60.
- On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The shares were sold at an average price of $15.98, for a total transaction of $707,035.10.
- On Thursday, October 31st, Alan Taylor sold 8,710 shares of Weave Communications stock. The shares were sold at an average price of $14.12, for a total value of $122,985.20.
Weave Communications Trading Up 0.9 %
WEAV traded up $0.14 on Wednesday, hitting $15.73. The company had a trading volume of 518,974 shares, compared to its average volume of 784,375. 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 company’s fifty day moving average price is $14.89 and its 200 day moving average price is $12.56. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $16.56. The firm has a market cap of $1.14 billion, a P/E ratio of -39.33 and a beta of 1.92.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on WEAV. The Goldman Sachs Group lifted their price objective 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 target price on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Piper Sandler lifted their price target on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $16.50.
Read Our Latest Report on Weave Communications
Institutional Investors Weigh In On Weave Communications
A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in Weave Communications by 31.4% in the second quarter. Bank of New York Mellon Corp now owns 112,804 shares of the company’s stock valued at $1,017,000 after acquiring an additional 26,953 shares during the last quarter. Rhumbline Advisers raised its position in Weave Communications by 20.9% in the second quarter. Rhumbline Advisers now owns 52,296 shares of the company’s stock worth $472,000 after acquiring an additional 9,047 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Weave Communications by 17.8% in the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after purchasing an additional 89,600 shares during the period. AXA S.A. acquired a new stake in shares of Weave Communications in the 2nd quarter worth approximately $11,590,000. Finally, AQR Capital Management LLC raised its stake in shares of Weave Communications by 3.8% during the 2nd quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock worth $620,000 after buying an additional 2,516 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.
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.
Further Reading
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