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 company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 owns 475,941 shares of the company’s stock, valued at $5,249,629.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

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

Weave Communications Stock Up 4.0 %

Weave Communications stock opened at $12.50 on Friday. The firm has a market cap of $889.04 million, a price-to-earnings ratio of -29.07 and a beta of 2.09. Weave Communications, Inc. has a 52-week low of $6.67 and a 52-week high of $13.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a 50 day moving average price of $10.63 and a two-hundred day moving average price of $10.23.

Hedge Funds Weigh In On Weave Communications

A number of hedge funds have recently bought and sold shares of the company. Quest Partners LLC bought a new stake in Weave Communications during the fourth quarter valued at $77,000. Private Management Group Inc. acquired a new position in shares of Weave Communications in the 2nd quarter valued at about $90,000. 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 valued at $90,000 after purchasing an additional 3,228 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Weave Communications during the second quarter worth approximately $98,000. Finally, Dark Forest Capital Management LP bought a new stake in Weave Communications in the second quarter worth approximately $134,000. Institutional investors own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.