Dark Forest Capital Management LP Invests $134,000 in Weave Communications, Inc. (NYSE:WEAV)

Dark Forest Capital Management LP acquired a new stake in Weave Communications, Inc. (NYSE:WEAV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,860 shares of the company’s stock, valued at approximately $134,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Weave Communications by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $38,374,000 after acquiring an additional 312,392 shares during the period. Wasatch Advisors LP increased its holdings in Weave Communications by 17.9% in the 4th quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after purchasing an additional 330,422 shares during the last quarter. AXA S.A. purchased a new stake in Weave Communications in the second quarter valued at approximately $11,590,000. Acadian Asset Management LLC lifted its stake in Weave Communications by 1.0% during the first quarter. Acadian Asset Management LLC now owns 784,270 shares of the company’s stock worth $9,002,000 after purchasing an additional 7,511 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Weave Communications by 17.8% in the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after buying an additional 89,600 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price on shares of Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st.

Insider Transactions at Weave Communications

In related news, CFO Alan Taylor sold 3,560 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $10.39, for a total value of $36,988.40. Following the sale, the chief financial officer now owns 525,555 shares of the company’s stock, valued at $5,460,516.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Alan Taylor sold 3,560 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.39, for a total value of $36,988.40. Following the transaction, the chief financial officer now owns 525,555 shares of the company’s stock, valued at $5,460,516.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Marcus Bertilson sold 15,000 shares of Weave Communications stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $10.67, for a total value of $160,050.00. Following the sale, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at $3,603,066.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,354 shares of company stock valued at $651,880. 36.30% of the stock is currently owned by corporate insiders.

Weave Communications Trading Up 2.7 %

WEAV opened at $12.80 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $919.17 million, a price-to-earnings ratio of -29.77 and a beta of 2.09. The business has a fifty day moving average price of $10.92 and a 200 day moving average price of $10.23. Weave Communications, Inc. has a 12 month low of $6.67 and a 12 month high of $13.80.

Weave Communications 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.