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 $288,926 were sold by Neish Branden on Mar 19 ’25. At $11.33 per share, Neish Branden sold 25,510 shares. The insider’s holdings dropped to 460,908 shares worth approximately $5.11 million following the completion of this transaction.
Also, Neish Branden sold 18,665 shares, netting a total of over 211,288 in proceeds. Following the sale of shares at $11.32 each, the insider now holds 442,243 shares.
Before that, Goodsell Erin had sold 19,917 shares from its account. In a trade valued at $225,580, the Chief Legal Officer & Corp.Sec traded Weave Communications Inc shares for $11.33 each. Upon closing the transaction, the insider’s holdings decreased to 19,917 shares, worth approximately $5.79 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 -4.73%. Over the course of the year, Weave Communications Inc shares have dropped approximately -30.40%. Shares of the company reached a 52-week high of $17.63 on 02/18/25 and a 52-week low of $10.40 on 03/10/25. A 50-day SMA is recorded $13.88, while a 200-day SMA reached $12.73.
Support And Resistance Levels for Weave Communications Inc (WEAV)
According to the 24-hour chart, there is a support level at 10.93, which, if violated, would cause prices to drop to 10.77. In the upper region, resistance lies at 11.29. The next price resistance is at 11.49. RSI (Relative Strength Index) is 35.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 66.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
