Alan Taylor Sells 794 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 794 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $15.33, for a total transaction of $12,172.02. Following the sale, the chief financial officer now directly owns 282,722 shares in the company, valued at $4,334,128.26. This represents a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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 value of $194,510.60.
• On Monday, December 16th, Alan Taylor sold 44,245 shares of Weave Communications stock. The stock was sold at an average price of $15.98, for a total value 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 Stock Performance

Weave Communications stock opened at $15.76 on Friday. The company’s 50 day simple moving average is $14.96 and its 200 day simple moving average is $12.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $16.56.

Institutional Investors Weigh In On Weave Communications

Several hedge funds have recently bought and sold shares of WEAV. Bank of New York Mellon Corp grew its holdings in shares of Weave Communications by 31.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 112,804 shares of the company’s stock valued at $1,017,000 after buying an additional 26,953 shares during the period. Rhumbline Advisers lifted its holdings in Weave Communications by 20.9% during 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 grew its stake in 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 acquiring an additional 89,600 shares during the period. AXA S.A. bought a new stake in shares of Weave Communications in the second quarter worth about $11,590,000. Finally, AQR Capital Management LLC raised its position in shares of Weave Communications by 3.8% during the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock worth $620,000 after purchasing an additional 2,516 shares during the period. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WEAV shares. Piper Sandler raised their price objective on shares of 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 raised their price target on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $16.50.

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.