Erin Goodsell Sells 9,541 Shares of Weave Communications (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) insider Erin Goodsell sold 9,541 shares of the stock in a transaction dated 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 owned 544,181 shares of the company’s stock, valued at $4,081,357.50. This trade represents a 1.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $58,632.05.

Weave Communications Trading Down 3.8%

Shares of Weave Communications stock opened at $7.00 on Friday. The stock has a market capitalization of $538.89 million, a P/E ratio of -17.49 and a beta of 1.75. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $7.65 and a 200 day simple moving average of $9.02. Weave Communications, Inc. has a 12-month low of $6.75 and a 12-month high of $17.63.

Institutional Investors Weigh In On Weave Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEAV. Bank of America Corp DE increased its position in Weave Communications by 60.1% in the 4th quarter. Bank of America Corp DE now owns 313,080 shares of the company’s stock valued at $4,984,000 after acquiring an additional 117,525 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 valued at $358,000 after acquiring an additional 988 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Weave Communications by 41.3% during the 4th quarter. Nuveen Asset Management LLC now owns 824,581 shares of the company’s stock worth $13,127,000 after buying an additional 240,882 shares during the period. Man Group plc acquired a new stake in shares of Weave Communications during the 4th quarter worth approximately $199,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Weave Communications during the 4th quarter worth approximately $256,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

WEAV has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their target price on shares of 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 dropped their target price on shares of 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 research 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. Based on data from MarketBeat, Weave Communications presently has an average rating of “Buy” and a consensus price target of $15.10.

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.