Charles Schwab Investment Management Inc. Has $5.57 Million Position in Weave Communications, Inc. (NYSE:WEAV)

Charles Schwab Investment Management Inc. grew its holdings in Weave Communications, Inc. (NYSE:WEAV) by 11.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 435,099 shares of the company’s stock after acquiring an additional 45,475 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Weave Communications were worth $5,569,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. nVerses Capital LLC acquired a new stake in Weave Communications during the third quarter worth about $45,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after buying an additional 3,228 shares in the last quarter. Private Management Group Inc. acquired a new stake in Weave Communications during the second quarter worth about $90,000. US Bancorp DE acquired a new stake in Weave Communications during the third quarter worth about $107,000. Finally, Dark Forest Capital Management LP acquired a new stake in Weave Communications during the second quarter worth about $134,000. 86.83% of the stock is owned by institutional investors and hedge funds.

Weave Communications Stock Performance

NYSE:WEAV opened at $15.54 on Friday. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $15.93. The firm has a 50 day moving average of $13.72 and a 200-day moving average of $11.38. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.13 billion, a P/E ratio of -38.85 and a beta of 2.00.

Insider Activity

In other Weave Communications news, CFO Alan Taylor sold 24,499 shares of Weave Communications stock in a transaction on Friday, September 20th. The shares were sold at an average price of $12.58, for a total transaction of $308,197.42. Following the completion of the sale, the chief financial officer now owns 451,442 shares of the company’s stock, valued at approximately $5,679,140.36. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Blake G. Modersitzki sold 242,820 shares of Weave Communications stock in a transaction on Friday, December 6th. The stock was sold at an average price of $14.38, for a total transaction of $3,491,751.60. Following the sale, the director now directly owns 244,616 shares of the company’s stock, valued at $3,517,578.08. This represents a 49.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 851,257 shares of company stock worth $11,905,846. Insiders own 36.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WEAV shares. Piper Sandler lifted their target price on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Loop Capital raised their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price target on shares of Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Weave Communications has an average rating of “Buy” and an average price target of $16.50.

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.