Alan Taylor Sells 44,245 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 44,245 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.98, for a total value of $707,035.10. Following the transaction, the chief financial officer now directly owns 301,734 shares of the company’s stock, valued at $4,821,709.32. The trade was a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 18th, Alan Taylor sold 12,044 shares of Weave Communications stock. The stock was sold at an average price of $16.15, for a total value of $194,510.60.
• 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.
• On Monday, October 14th, Alan Taylor sold 891 shares of Weave Communications stock. The stock was sold at an average price of $13.25, for a total transaction of $11,805.75.
• On Monday, October 7th, Alan Taylor sold 2,638 shares of Weave Communications stock. The stock was sold at an average price of $13.00, for a total transaction of $34,294.00.
• On Friday, October 4th, Alan Taylor sold 22,356 shares of Weave Communications stock. The shares were sold at an average price of $13.00, for a total transaction of $290,628.00.
• On Monday, September 30th, Alan Taylor sold 4,296 shares of Weave Communications stock. The stock was sold at an average price of $13.05, for a total transaction of $56,062.80.
• On Friday, September 27th, Alan Taylor sold 305 shares of Weave Communications stock. The shares were sold at an average price of $12.50, for a total value of $3,812.50.
• On Friday, September 20th, Alan Taylor sold 24,499 shares of Weave Communications stock. The stock was sold at an average price of $12.58, for a total value of $308,197.42.

Weave Communications Price Performance

NYSE:WEAV opened at $15.61 on Friday. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $16.33. The stock’s fifty day moving average is $13.93 and its two-hundred day moving average is $11.59. The company has a market capitalization of $1.14 billion, a P/E ratio of -39.03 and a beta of 2.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Institutional Trading of Weave Communications

Several institutional investors and hedge funds have recently bought and sold shares of WEAV. nVerses Capital LLC purchased a new position in Weave Communications during the third quarter worth about $45,000. Quarry LP acquired a new position in shares of Weave Communications in the 3rd quarter worth approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 purchasing an additional 3,228 shares during the period. Private Management Group Inc. acquired a new stake in Weave Communications in the 2nd quarter valued at approximately $90,000. Finally, US Bancorp DE purchased a new stake in Weave Communications in the third quarter valued at approximately $107,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Loop Capital upped their target price on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Piper Sandler raised their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company 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.