Weave Communications (NYSE:WEAV) Insider Sells $71,557.50 in Stock

Key Points

• Weave Communications insider Erin Goodsell sold 9,541 shares at an average price of $7.50, totaling $71,557.50, resulting in a 1.72% decrease in their ownership position.
• The company's stock is currently trading at $7.28 with a market cap of approximately $560.85 million, having a 52-week range between $6.75 and $17.63.
• Analysts have recently lowered their price targets for Weave Communications, with Stifel Nicolaus reducing its target from $16.00 to $13.00 while maintaining a "buy" rating.

Weave Communications, Inc. (NYSE:WEAV - Get Free Report) insider Erin Goodsell sold 9,541 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $7.50, for a total transaction of $71,557.50. Following the sale, the insider directly owned 544,181 shares of the company's stock, valued at approximately $4,081,357.50. This trade represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Erin Goodsell also recently made the following trade(s):

• On Tuesday, September 16th, Erin Goodsell sold 7,585 shares of Weave Communications stock. The stock was sold at an average price of $7.73, for a total value of $58,632.05.

Weave Communications Price Performance

NYSE WEAV traded down $0.25 on Wednesday, hitting $7.28. 591,450 shares of the company's stock were exchanged, compared to its average volume of 956,173. The stock has a 50-day moving average of $7.67 and a 200-day moving average of $9.06. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52 week low of $6.75 and a 52 week high of $17.63. The stock has a market cap of $560.85 million, a price-to-earnings ratio of -18.20 and a beta of 1.75.

Analysts Set New Price Targets

Several research analysts recently issued reports on WEAV shares. Stifel Nicolaus lowered their target price on Weave Communications from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Raymond James Financial lowered their target price on Weave Communications from $17.00 to $15.00 and set a "strong-buy" rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $15.10.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WEAV. Vanguard Group Inc. raised its position in shares of Weave Communications by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,731,398 shares of the company's stock worth $52,471,000 after purchasing an additional 194,936 shares during the last quarter. Frontier Capital Management Co. LLC bought a new stake in Weave Communications during the 2nd quarter worth approximately $16,915,000. Voya Investment Management LLC lifted its holdings in shares of Weave Communications by 26.2% in the first quarter. Voya Investment Management LLC now owns 1,387,040 shares of the company's stock worth $15,382,000 after buying an additional 287,785 shares in the last quarter. Geode Capital Management LLC grew its stake in Weave Communications by 24.4% during the second quarter. Geode Capital Management LLC now owns 1,152,995 shares of the company's stock valued at $9,593,000 after acquiring an additional 225,865 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Weave Communications by 3.2% in the first quarter. Raymond James Financial Inc. now owns 971,522 shares of the company's stock worth $10,774,000 after purchasing an additional 30,312 shares during the last quarter. Institutional investors 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.

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