The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Weave Communications Inc shares valued at $1,748,750 were sold by CROSSLINK CAPITAL INC on Nov 06 ’24. At $13.99 per share, CROSSLINK CAPITAL INC sold 125,000 shares. The insider’s holdings dropped to 7,915,955 shares worth approximately $110.82 million following the completion of this transaction.
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Also, Crosslink Crossover Fund VII, purchased 125,000 shares, netting a total of over 1,648,750 in proceeds.
Before that, CROSSLINK CAPITAL INC had sold 89,555 shares from its account. In a trade valued at $1,162,424, the 10% Owner traded Weave Communications Inc shares for $12.98 each. Upon closing the transaction, the insider’s holdings decreased to 89,555 shares, worth approximately $113.63 million.
As published in a research note from Raymond James on February 26, 2024, Weave Communications Inc [WEAV] has been rated up from an Outperform to a Strong buy and the price target has been revised to $15. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of June 26, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for WEAV. Earlier on May 04, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for WEAV stock which previously was a “a Mkt perform”.
Analyzing WEAV Stock Performance
During the last five days, there has been a drop of approximately -0.14%. Over the course of the year, Weave Communications Inc shares have jumped approximately 22.06%. Shares of the company reached a 52-week high of $14.34 on 10/31/24 and a 52-week low of $8.10 on 05/03/24. A 50-day SMA is recorded $12.40, while a 200-day SMA reached $11.06. Nevertheless, trading volume fell to 1.28 million shares from 1.91 million shares the previous day.
Support And Resistance Levels for Weave Communications Inc (WEAV)
According to the 24-hour chart, there is a support level at 13.82, which, if violated, would cause prices to drop to 13.64. In the upper region, resistance lies at 14.12. The next price resistance is at 14.24. RSI (Relative Strength Index) is 62.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 17.09%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
