Jason Paul Christiansen Sells 3,897 Shares of Weave Communications (NYSE:WEAV) Stock

Key Points

• Jason Paul Christiansen, CFO of Weave Communications, sold 3,897 shares at an average price of $7.50, totaling approximately $29,227.50, resulting in a 1.23% decrease in his stock position.
• Weave Communications stock price has decreased by 3.3%, trading at $7.28, with a current market capitalization of $560.85 million and a 52-week trading range between $6.75 and $17.63.
• Analysts have downgraded their price targets for Weave Communications, with Raymond James reducing it from $17.00 to $15.00, while the stock retains a consensus rating of "Buy" and a target price of $15.10.

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) CFO Jason Paul Christiansen sold 3,897 shares of Weave Communications stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $7.50, for a total value of $29,227.50. Following the completion of the transaction, the chief financial officer owned 313,484 shares of the company's stock, valued at $2,351,130. The trade was a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Jason Paul Christiansen also recently made the following trade(s):

• On Tuesday, September 16th, Jason Paul Christiansen sold 4,131 shares of Weave Communications stock. The stock was sold at an average price of $7.73, for a total value of $31,932.63.

Weave Communications Stock Down 3.3%

WEAV stock traded down $0.25 during trading on Wednesday, hitting $7.28. 591,450 shares of the company's stock were exchanged, compared to its average volume of 956,173. The business has a 50-day moving average price of $7.67 and a two-hundred day moving average price of $9.06. The stock has a market capitalization of $560.85 million, a price-to-earnings ratio of -18.20 and a beta of 1.75. Weave Communications, Inc. has a 52-week low of $6.75 and a 52-week high of $17.63. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

Several research firms have commented on WEAV. Raymond James Financial cut their price target on Weave Communications from $17.00 to $15.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 1st. Stifel Nicolaus cut their price target on Weave Communications from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Weave Communications has a consensus rating of "Buy" and a consensus target price of $15.10.

Institutional Trading of Weave Communications

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Weave Communications by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,461 shares of the company's stock worth $358,000 after purchasing an additional 988 shares during the period. Amundi raised its holdings in shares of Weave Communications by 27.1% during the 1st quarter. Amundi now owns 5,301 shares of the company's stock valued at $59,000 after buying an additional 1,130 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Weave Communications by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,120 shares of the company's stock valued at $134,000 after buying an additional 1,217 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Weave Communications by 43.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,955 shares of the company's stock valued at $50,000 after buying an additional 1,812 shares during the period. Finally, Avanza Fonder AB raised its holdings in shares of Weave Communications by 13.8% during the 2nd quarter. Avanza Fonder AB now owns 14,971 shares of the company's stock valued at $125,000 after buying an additional 1,819 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.

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.

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